When the U.S. price level rises relative to other nations' price levels, then
A) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts rightward.
B) U.S. exports decrease, U.S. imports increase, and there is a movement upward along the aggregate demand curve.
C) U.S. exports increase and the aggregate demand curve shifts rightward.
D) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts leftward.
E) U.S. firms' profits increase and the aggregate demand curve shifts rightward.
B
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If an observed correlation is unlikely to be due to sampling error it has ______.
A) statistical significance B) practical significance C) reliability D) validity
The income-expenditure multiplier leads to greater than one-for-one changes in output when spending changes because:
A. multiple deposits are generated when new reserves are produced through fractional reserve banking. B. the direct changes in spending change the income of producers which leads to additional changes in spending. C. real output continues to adjust until it equals nominal output. D. change the income of producers leads to additional tax revenue for the government, which will changes their level of spending.
The percentage of all sales contributed by the leading firms in an industry is known as
A. the concentration ratio. B. the zero sum. C. the Herfindahl index. D. the Hirschman index.
The Command System (communism)
What will be an ideal response?