Most economists believe that the financial crisis of 2008 began because of problems in the ____ industry
a. computer
b. automotive
c. housing
d. banking
c
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The figure above shows the production possibilities frontier for a country. In order for it to produce at point E, the
A) country would need to acquire more resources and/or more advanced technology. B) production of compact cars would need to decrease. C) production of SUVs would need to decrease. D) country would need to use its resources more efficiently. E) country would need to determine that compact cars and SUVs are equally important to it.
In the IS-LM model, when government spending and taxes increase by the same amount
a. income and interest rates remain unchanged. b. interest rates and income rise. c. interest rates and income fall. d. changes in interest rates are indeterminate but income rises. e. none of the above.
The rise in equilibrium GDP shifts the money demand curve to the left
a. True b. False
Would one expect the imports and exports between two countries to be approximately equal?
What will be an ideal response?