President Salinas of Mexico devised a strategy to restore Mexican growth by encouraging
A) large inflows of foreign capital.
B) large increases in domestic savings.
C) large interest rate cuts.
D) an expansion of import substitution industrialization policies.
E) more government ownership of industrial firms.
A
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When a tariff is imposed, the demand curve for the domestic good
A) shifts downward and to the right. B) shifts upward and to the left. C) shifts upward and to the right. D) shifts downward and to the left.
Explanations for the decline in U.S. productivity in the 1970s and 1980s include all of the following except:
a. difficulties with measuring service sector output. b. the entry into the labor force of many young, inexperienced workers. c. a wave of corporate mergers that reduced competition. d. rising oil prices.
One reason for the recent increases in health care costs is the aging of the American population.
A. True B. False C. Uncertain
Assume that the inflation rate in an economy is measured on the vertical axis and the annualized growth rate of money supply minus the annualized growth rate of real GDP is measured on the horizontal axis on a graph
If a curve is plotted to establish the relationship between both variables, the curve is likely to be: A) vertical. B) upward sloping. C) horizontal. D) downward sloping.