Other things being equal, a decrease in an economy's exports will
A. decrease domestic aggregate expenditures and the equilibrium level of GDP.
B. increase domestic aggregate expenditures and the equilibrium level of GDP.
C. increase the amount of imports consumed by the private sector.
D. have no effect on domestic GDP because imports will offset the change in exports.
Answer: A
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Involuntary part-time workers are:
A. discouraged workers. B. counted as unemployed. C. considered out of the labor force. D. counted as employed.
Banks create money by
A) printing currency. B) asking the Fed to print more currency. C) lending to the Fed. D) making loans. E) buying government securities.
U.S. monetary policy is best described as:
A. aimed at keeping inflation low and stable and growth high and stable. B. one of the most important functions of congress. C. attempting to keep inflation constant at zero percent. D. determining the denominations of a country's currency.
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. Figure 8.5 Refer to Figure 8.5. The marginal cost of the seventh drone is
A. $2.86. B. $3.33. C. $20. D. indeterminate from this information.