Fixed investment is
A. capital purchase by businesses of newly produced durables.
B. the change in stocks of finished goods.
C. the change in the stocks of goods in process.
D. purchases by consumers of newly produced consumer durables.
Answer: A
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If robotics and factory automation become more widespread in an industry and all else is held constant
A. the demand for labor should decrease in that industry and the wage rate should increase. B. the demand for labor should increase in that industry and the wage rate should decrease. C. both the demand for labor in that industry and the wage rate should decrease. D. both the demand for labor in that industry and the wage rate should increase.
"Under floating rates, the economy is more vulnerable to shocks coming from the domestic money market." Discuss
What will be an ideal response?
Compared to other countries, the U.S. federal government relies
a. more heavily on direct taxes than do governments of other countries. b. less heavily on direct taxes than do governments of other countries. c. more heavily on indirect taxes than do governments of other countries. d. on direct taxes about as heavily as do governments of other countries.
Fiscal policy can be offset by the actions of each of the following EXCEPT:
A. businesses. B. consumers. C. Congress. D. The Federal Reserve.