All of the following are real quantities except the:
A. millions of computer chips shipped to computer makers.
B. tons of steel shipped to South America.
C. number of new cars produced in one year.
D. billions of dollars invested in stocks.
Answer: D
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Europe and Asia both fall into deep economic recessions. What impact will this have on U.S. aggregate demand
A) None. A nation’s aggregate demand is only a3ected by its own economic conditions. B) U.S. aggregate demand will remain unchanged. C) U.S. aggregate demand will decrease. D) The U.S. aggregate demand curve will shi) to the right.
If there is a decrease in world oil prices and the Fed wishes to maintain output stability, what should it do?
a. Buy bonds in the open market. b. All the economy to adjust itself. c. Sell bonds in the open market. d. Impose higher taxes to counteract the supply shock. e. Lower taxes to maintain output.
If Great Britain experiences higher rates of inflation than the United States over a long period of time, we should expect the British £ (pound) per U.S. $ (dollar) exchange rate to:
A. hold constant, there isn't any link between inflation and exchange rates. B. fluctuate in a narrow range set by the Bank of England. C. increase. D. decrease.
A market where individual firms cannot affect the market price of their good is most likely:
A. a monopoly B. an oligopoly C. a monopolistically competitive market. D. perfectly competitive