If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to a sagging stock market, then:
a. Price index falls, and real GDP rises.
b. Price index falls, and the change in real GDP is uncertain.
c. Price index falls, and real GDP falls.
d. The change in price index is uncertain, and real GDP rises.
e. The change in price index is uncertain, and real GDP falls.
.B
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An economic policy that is based on a flawed theory can, at times, provide a desired outcome
a. True b. False Indicate whether the statement is true or false
When we examine historical data on income inequality in the U.S., we see that the distribution of income gradually became
a. more equal between 1935 and 2011. b. more equal between 1935 and 1973, but that trend reversed itself between 1973 and 2011. c. more unequal between 1935 and 1973, but that trend reversed itself between 1973 and 2011. d. more unequal between 1935 and 2011.
Which of the following is true when a county is experiencing a trade deficit (NX < 0)?
A) Demand for domestic goods is equal to the domestic demand for goods. B) Demand for domestic goods is greater than the domestic demand for goods. C) Demand for domestic goods is less than the domestic demand for goods. D) A budget deficit exists.
The president of the United States can obtain a court injunction that will stop a strike for an 80-day "cooling-off"period if the strike is expected to imperil national safety or health. This power is granted in the
A) Wagner Act. B) Landrum-Griffin Act. C) National Industrial Recovery Act. D) Taft-Hartley Act.