Economic expansions in Germany and Japan would cause
A. the U.S. price level and real GDP to rise.
B. the U.S. price level and real GDP to fall.
C. the U.S. price level to rise and real GDP to fall.
D. the U.S. price level to fall and real GDP to rise.
Ans: A. the U.S. price level and real GDP to rise.
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Explain three ways we can use macroeconomic analysis
What will be an ideal response?
If a firm accumulates unwanted inventories, then it
A) must hire more workers. B) will increase its production. C) has actual investment equal to its planned investment. D) will decrease its production. E) has actual investment that is less than its planned investment.
Which of the following exemplifies specific performance that a court might order from the party in breach of a contract?
a. A seller ordered to pay back the price of the commodity to the customer having failed to deliver it on-time. b. A popular singer requested to forgo the fee for her performance at a social fund raising program. c. The owner of a polluting factory ordered to convert his private plot into a public garden. d. A movie director ordered to work with an actress he had previously contracted with, instead of one he later found was available for a lower price.
The production possibilities curve for the nation of Economania shifts to the right. This could have been caused by:
A. a decrease in Economania's capital stock. B. technological innovation in the production of Economania goods. C. high unemployment in Economania the previous time period. D. Economania producing all consumer goods in the previous period.