Foreign citizens have been increasing their ownership of U.S. assets. This contributes to a U.S.
a. deficit on current account.
b. deficit on financial account.
c. surplus on current account.
d. surplus on financial account.
d. surplus on financial account.
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In the basic Keynesian model, an increase in government purchases:
A. reduces potential output. B. increases short-run equilibrium output. C. increases potential output. D. reduces short-run equilibrium output.
At its current level of quantity, a perfectly competitive firm's marginal revenue is $3.25, its short-run marginal cost is $3.25 and its long-run marginal cost is $3.25. Which of the following statements is true?
A) The firm is maximizing both its short-run and long-run profit. B) The firm is maximizing its long-run profit, but not its short-run profit. C) The firm is not maximizing its short-run or long-run profit. D) The firm is maximizing its short-run profit, but not its long-run profit.
On a graph showing investment along the vertical axis and income along the horizontal axis, _____
a. the investment line will be downward sloping b. the investment line will be upward sloping c. the investment line will be horizontal d. the investment line will be vertical e. the investment line will be U-shaped
Sum of the quantities supplied by each seller in the market at each price
What will be an ideal response?