In 2013, which component of U.S. GDP had a negative value?
A) government spending
B) investment
C) net exports
D) Components of GDP cannot have a negative value.
C
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the U.S. dollar ________ against the Euro and ________ against the Japanese yen
A) depreciated; depreciated B) appreciated; appreciated C) appreciated; depreciated D) depreciated; appreciated
When two single-product firms that produce complimentary products merge into a single firm, that firm will want to raise prices of the two products
Indicate whether the statement is true or false
The statement "By the time our grandchildren are born, scarcity will not be a problem" is
A. possible only if technology advances at a great pace. B. true, because we will learn to limit our wants in the future. C. true, because by that time everyone's basic needs will be met. D. false, because people always want more than there is available.
When the economy overheats, the government sometimes cools it down with higher taxes, spending reductions, and less money. Which of the following indicates the appropriate change in the U.S. economy after government intervention?
A. Aggregate demand shifts to the left B. Aggregate demand shifts to the right C. The economy moves up along the aggregate demand curve D. The economy moves down along the aggregate demand curve