Answer the following statement(s) true (T) or false (F)
1. There are many events that will have an effect on the supply curve but not much of an impact on the demand curve.
2. An increase in demand for a product will eventually cause a lower equilibrium price.
3. Sellers compete to sell a surplus by reducing the price.
4. Supply and demand rarely shift in the same period of time.
1. True
2. False
3. True
4. False
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If the asset market is to remain in equilibrium, then if the money supply increases, output is unchanged, the price level is unchanged, and the expected inflation rate is unchanged, then
A) the real interest rate must rise. B) the real interest rate must decline. C) the nominal interest rate must rise. D) the inflation rate must rise.
The Dutch Disease had occurred in Netherlands because:
a. the Netherlands government had borrowed heavily from the World Bank to meet its Balance of Payment deficits. b. the price of the primary commodities declined in the international market. c. the demand for natural gas exports from Netherlands increased substantially. d. the currency of Netherlands depreciated in the international market. e. the price of the commodities manufactured by Netherlands declined in the international market.
Calculate GDP for a country with investment of $2 trillion, government purchases of $3 trillion, capital depreciation of $1.5 trillion, consumption of $10 trillion, exports of $3.4 trillion, and imports of $3.9 trillion
In which year was our misery index the highest?
A. 1962 B. 1967 C. 1980 D. 1985 E. 1992