According to this Application, by using a value-added approach to measure Wal-Mart's sales impact on the economy, we are
A) including GDP as a measure of welfare. B) using a chain-weighted index.
C) avoiding double-counting. D) excluding the net foreign sector.
C
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During a recession, the unemployment rate ________ and the percentage of part-time workers who are involuntary part-time workers ________
A) rises; rises B) rises; falls C) falls; rises D) falls; falls E) rises; does not change
In Figure 10-5 above, suppose that the level of government expenditures increases. This causes a movement of the steady-state point such as from points
A) A to B. B) D to B. C) D to C. D) A to C. E) A to D.
If an industry has a price leader, it is most likely to be a dominant firm
a. True b. False Indicate whether the statement is true or false
The expected effects of fiscal contraction are
a. higher real interest rates. b. exchange rate depreciation. c. increased trade deficit. d. All of the above are correct.