All else held constant, an increase in foreign imports of cameras would cause the supply of cameras in the United States to:
A) increase.
B) stay the same.
C) decrease.
D) cannot be determined with the information given.
A
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Which of the following is a simplifying assumption associated with the short-run Keynesian model of equilibrium real Gross Domestic Product (GDP) determination?
A) Gross private domestic investment exceeds net private domestic investment. B) Most business profits are distributed to shareholders. C) Businesses pay indirect taxes. D) There is no depreciation.
In an economy without a government and without international transactions, aggregate expenditure at each level of income is equal to: a. consumption plus saving
b. planned investment plus saving. c. disposable income plus the price level. d. consumption plus planned investment. e. planned investment minus saving.
An increase in the price level or in the real GDP, with velocity stable, shifts the :
a. money demand curve leftward. b. money supply curve leftward. c. money demand curve rightward. d. money supply curve rightward.
Which of the following best describes the relationship between economic freedom and the growth rate of real per capita Gross Domestic Product (GDP)?
A) Countries with less economic freedom tend to grow more rapidly than those that are more free. B) There are too many extraneous factors involved to discern any relationship between the two. C) Countries with more economic freedom tend to grow more rapidly than those that are less free. D) Rich countries that are economically free generally grow rapidly, but there is no evidence that economic freedom helps low-income countries.