The value of corporate stocks and bonds traded in a given year is:
a. Excluded from the calculation of GDP because they make no contribution to current production of goods and services
b. Included in the calculation of GDP because they make a contribution to the current production of goods and services
c. Included in the calculation of gross private domestic investment
d. Included in the calculation of net private domestic investment
a. Excluded from the calculation of GDP because they make no contribution to current production of goods and services
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Suppose that the yen-dollar foreign exchange rate changes from 130 yen per dollar to 140 yen per dollar. Then the yen has
A) depreciated against the dollar, and the dollar has appreciated against the yen. B) depreciated against the dollar, and the dollar has depreciated against the yen. C) appreciated against the dollar, and the dollar has appreciated against the yen. D) appreciated against the dollar, and the dollar has depreciated against the yen.
If the aggregate supply curve shifts leftward, then _____
a. the price level increases and output increases b. the resulting increase in the price level is usually called cost-push inflation c. the resulting increase in the price level is usually called demand-pull inflation d. the price level increases as long as the aggregate demand curve shifts rightward e. the price level decreases and output increases
Why is it customary to report price elasticity of demand in absolute value terms, while cross elasticities and income elasticities are reported with their sign attached?
Refer to the given table. Suppose the columns in this table reflect demand and supply. At a price of $30:Price Per UnitColumn A Units Per YearColumn B Units Per Year$2010040$309550$408060$506570$605080
A. there will be an excess demand of 95 units. B. there will be an excess demand of 45 units. C. there will be an excess supply of 45 units. D. the market will be in equilibrium.