If interest rates in Sweden go up relative to the rest of the world, the
A) demand for Swedish currency will fall.
B) demand for Swedish currency will rise.
C) supply of Swedish currency will fall.
D) supply of Swedish currency will rise.
B
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When the aggregate demand curve and the short-run aggregate supply curve intersect,
A) the economy is in short-run macroeconomic equilibrium. B) inflation must be increasing. C) structural and frictional unemployment equal zero. D) the long-run aggregate supply curve must also intersect at the same point.
What is the main conceptual difference between GDP and GNP? How different are GDP and GNP for the United States? For countries with many citizens who work abroad?
What will be an ideal response?
Which of the following factors leads to differences in income across individuals?
a. the level of skills possessed by an individual b. the quality of human capital and education c. preferences for work over leisure d. all of the above
After 1970, the share of federal spending allocated to national defense:
A. declined sharply, while the share allocated to income security increased substantially. B. rose sharply, while the share allocated to income security declined substantially. C. was relatively constant, while the share allocated to income security declined modestly. D. declined modestly, while the share allocated to income security was relatively constant.