Aggregate demand is the total demand for the final goods and services produced in an economy.
Answer the following statement true (T) or false (F)
True
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Tariffs contribute to higher prices of textile products imported into the United States, but import quotas on textiles brought into the United States do not
a. True b. False Indicate whether the statement is true or false
Which of the following factors does not affect the value of a worker's marginal product?
a. discrimination against a particular group of workers by a firm's customers b. a worker's level of disposable income c. a worker's level of human capital d. compensating wage differentials
According to estimates of the Taylor rule, monetary policy was too easy
A. in the 1990s. B. from 1965 to 1979. C. from 1960 to 1965. D. in the 1980s.
Economists who believe that real GDP may grow slowly because of insufficient demand for investment spending cite three main reasons for the low demand for loanable funds. Which of the following is not one of those reasons?
A) a reduced demand for housing due to slowing population growth B) the continued decrease in the value of the dollar relative to the currencies of major U.S. trading partners C) a smaller capital requirement for modern information technology firms D) the falling price of capital relative to other goods