Some economists argue that the increases in aggregate demand for output spurred by wartime spending, complemented by the strong spending in the private sector, impacted the U.S. economy by
(a) increasing production and employment.
(b) increasing employment and income.
(c) increasing income, thus fueling additional spending.
(d) contributing to all of the above.
(d)
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An important feature of a ________ is that the holder has the right, but not the obligation, to buy or sell currency
A) swap B) foreign exchange arbitrage C) foreign exchange option D) futures market contract
In a market system, the costs associated with exchanging goods are known as
A. voluntary costs. B. opportunity costs. C. signaling costs. D. transaction costs.
In which of the following countries did exports account for the biggest percent of GDP in 2011?
A. Japan B. United States C. Netherlands D. Germany
The Federal Reserve econometric model emphasizes the impact of the wealth effect on
A) consumption. B) government spending. C) business investment. D) exports.