A variable that tends to move at the same time as aggregate economic activity is called
A) a leading variable.
B) a coincident variable.
C) a lagging variable.
D) an acyclical variable.
B
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Suppose that in the absence of trade, the U.S. price for bicycles was higher than the world price for bicycles. Would allowing international trade, mean that the U.S. would import or export bicycles? Who in the U.S. would benefit and who would lose with a free trade policy, and would the gains be greater than the losses?
Reductions in the personal income tax, often advocated by supply-siders to increase labor supply and effort, can be expected to also
a. decrease consumption spending. b. increase consumption spending. c. decrease investment spending. d. increase export sales.
What are the coordinates for the new long-run equilibrium?
a. P3 and Q3
b. P2 and Q2
c. P1 and Q1
d. P3 and Q2
There are _____ nations in the European Union.
Fill in the blank(s) with the appropriate word(s).