What happened to government regulation in the aftermath of the oil shock of 1973?
What will be an ideal response?
Businesses and consumers demanded less regulation of key industries to regain competitiveness. An immediate result was the deregulation of the trucking industry, which lowered overall transportation prices, allowing companies to be more competitive.
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Assuming that the government can act immediately before the multiplier takes effect, then to offset an increase in investment by $1 billion, government purchases must be:
A. decreased by $2 billion. B. increased by $1 billion. C. decreased by $1 billion. D. decreased by $0.5 billion.
The statistical discrepancy is
a. also known as the "errors and omissions term." b. the amount that must be added to balance the total balance of payments to make it equal to zero. c. the adjusted amount to balance the capital account. d. the adjusted amount to balance the current account. e. Both a and b
In the open-economy macroeconomic model, if net capital outflow increases then
a. the demand for dollars in the market for foreign-currency exchange shifts right. b. the demand for dollars in the market for foreign-currency exchange shifts left. c. the supply of dollars in the market for foreign-currency exchange shifts right. d. the supply of dollars in the market for foreign-currency exchange shifts left.
What do stocks represent?
A. Shares of ownership in a corporation and a guaranteed stream of profits B. Shares of ownership in a corporation and an entitlement to its future profits C. Debt contracts with a corporation and regular interest payments on the loan D. Debt contracts with a corporation and variable interest payments on the loan