Use the following diagram to answer the next question.
We observe that the economy has moved from NX1 to NX2. This could have happened because ________.
A. exports increased by more than imports
B. exports decreased
C. exports increased by less than imports
D. imports increased
Answer: A
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The slowing of the American economy in 2008-2009 gave businesses a strong incentive to raise capital investment
a. True b. False Indicate whether the statement is true or false
If the percentage change in quantity supplied is 0%, and the percentage change in price is 10%, then the supply for the good is
A. unit elastic. B. perfectly inelastic. C. inelastic. D. elastic.
The price elasticity of demand measures the responsiveness of consumers to changes in the price of a product.
Answer the following statement true (T) or false (F)
Federal Reserve Bank directors
A) have relatively little influence in monetary policy decisions. B) determine bank reserve requirements. C) determine bank capital requirements. D) set the federal funds rate.