Trade deflection is an act that
A) decreases the amount of international trade in the world.
B) increases the amount of international trade in the world.
C) has no impact on the amount of international trade in the world.
D) is illegal among all countries in the world.
Answer: B
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The prices of most services have risen much faster than inflation in recent years because
A. wages and salaries of service providers have risen much faster than inflation. B. wages and salaries of service providers have risen, but their productivity has not. C. the productivity of service providers has risen dramatically. D. the demand for services has risen.
At the federal funds market equilibrium,
A) both the federal funds rate and the total quantity of reserves tend to rise automatically. B) both the federal funds rate and the total quantity of reserves tend to fall automatically. C) the equilibrium quantity of reserves demanded is equal to the equilibrium quantity of reserves supplied by the Fed. D) the equilibrium quantity of reserves demanded exceeds the equilibrium quantity of reserves supplied by the Fed.
In the short-run macroeconomic equilibrium
A) real GDP equals potential GDP and aggregate demand determines the price level. B) the price level is fixed and short-run aggregate supply determines real GDP. C) real GDP and the price level are determined by short-run aggregate supply and aggregate demand. D) real GDP is always less than potential GDP.
Which of the following is the best measure of inflation in an economy?
(a) Consumer price index. (b) Unemployment rate. (c) Gross domestic product. (d) Quarterly National Household survey.