A country that typically runs a trade surplus is:
A. the United States.
B. China.
C. France.
D. Canada.
B. China.
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Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply ________ and aggregate demand ________
A) decreased; decreased B) increased; did not change C) increased; decreased D) did not change; increased
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for coffee. What happens in this market if buyers expect the price of coffee to rise?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
If the value of the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is:
a. 10. b. 1.1. c. 90. d. 100.
Tina has $1,000 that she wants to save for at least five years. It’s important to her that her investment is very low risk, but she would still like to earn some interest on her savings. Which of the following instruments would be the best choice for Tina?
a. Savings account b. Rental property c. Gold d. Certificate of deposit