In an open economy, aggregate supply consists of domestic production
a. plus imports.
b. plus exports.
c. minus imports.
d. minus exports.
a
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Other things equal, the ________ the real interest rate, the ________ the potential pool of borrowers
A) higher; less risky B) higher; more risky C) lower; smaller D) lower; less qualified
If workers sit idly by for a portion of their workday, but are still employed, firms may be engaged in ________
A) intertemporal substitution B) voluntary unemployment C) labor hoarding D) real business
The Board of Governors of the Federal Reserve is part of a larger policy-making group called the
A) Senate Banking Committee. B) Federal Deposit Insurance Corporation. C) American Banking Association. D) Federal Open Market Committee.
Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660