Mercantilist policy is to do everything it can to promote exports and to discourage imports
a. True
b. False
Indicate whether the statement is true or false
False
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Which would be considered to be one of the factors that shift the aggregate supply curve in the short run? A change in ________.
A. net exports B. personal income taxes C. government regulation D. consumer spending
If the ratio of net worth to vault cash is .2, the prime rate is .05, and the required reserve ratio is .25, the demand deposit expansion multiplier is
A) 2. B) 4. C) 5. D) .25.
The job finding rate
A. equals 1 minus the job loss rate. B. remains constant over the business cycle. C. rises in expansions. D. rises in recessions.
Contractionary fiscal policy would tend to make a budget deficit become:
A. Bigger B. Smaller C. A trade deficit D. A trade surplus