________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising
B) Neutral
C) Biased
D) Technological
B
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Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes, and the supply curve of shoes ________
A) does not change; does not shift B) decreases; shifts rightward C) increases; shifts rightward D) increases; shifts leftward E) decreases; shifts leftward
Full-employment GDP is also known as
A) balanced-budget GDP. B) politico-economic GDP. C) potential GDP. D) realized GDP.
There are two ways in which the Fed can provide additional reserves to the banking system: it can ________ government bonds or it can ________ discount loans to commercial banks
A) sell; extend B) sell; call in C) purchase; extend D) purchase; call in
Government policy under neoclassical theory should deal with
a. frictional unemployment. b. cyclical unemployment. c. natural unemployment. d. all forms of unemployment.