Refer to Figure 13-2. Ceteris paribus, an increase in productivity would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A
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The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will increase government spending
A) by more than the additional taxes and fees enacted under the law will bring in. B) by less than $50 billion over the next decade. C) by about $2 trillion over 10 years. D) by more than $20 trillion dollars over the next 5 years.
An argument in support of hysteresis is
A) companies may be reluctant to hire workers until AD increases. B) prices are sticky in the short run. C) the skills of unemployed workers may deteriorate making it more difficult to find a job. D) overlapping wage contracts.
A bond is essentially:
A. a stock. B. a loan. C. an equity. D. a derivative.
By how much does the real, bilateral exchange rate change when the nominal, bilateral exchange rate changes from $1.40/£ to $1.60/£, the U.S. tradable basket from $2,100 to $2,200 and the British tradable basket from £1,500 to £1,600?
a. The real exchange rate rises by 16.35%. b. The real exchange rate falls by 3.1% c. The real exchange rate rises by 3.1% d. The real exchange rate falls by 10.8% e. The real exchange rate falls by 12.5%