Measured as a share of the economy, the size of the trade sector (exports plus imports) of the United States has
a. been increasing since 1980, but it declined during 1960-1980.
b. been relatively constant during the last four decades.
c. increased by about 10 percent during the last four decades.
d. approximately doubled since 1980 and tripled since 1960.
D
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Which of the following shifts both the short-run aggregate supply curve and the long-run aggregate supply curve?
I. changes in the size of the labor force II. changes in the money wage rate III. changes in the quantity of capital A) II only B) both I and II C) both I and III D) I, II and III
If the numbers of employed and unemployed do not change but the size of the civilian population increases by 15%, what would be the effect?
a. no change in the unemployment rate and a decrease in the labor force participation rate b. an increase in the unemployment rate and a decrease in the labor force participation rate c. an increase in the unemployment rate and no change in the labor force participation rate d. an increase in the unemployment rate and an increase in the labor force participation rate
Financial disintermediation occurs when:
a. Individuals no longer trade securities in the secondary market. b. Individuals withdraw funds from financial intermediaries and invest them elsewhere. c. Businesses no longer borrow directly in the bond market. d. All of the above.
The globalized AS/AD curve is the standard AS/AD model with an added:
A. long-run aggregate supply curve. B. world supply curve. C. world demand curve. D. domestic supply curve.