Which of the following would cause the LM curve to shift to the right?
A) increased money supply
B) a larger U.S. capital account deficit
C) a depreciation of the dollar
D) lower level of U.S. income
D
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Vickery auctions are
a. Oral auctions b. Second price sealed bid auctions c. English auctions d. None of the above
What is the value of the intra-industry trade index for an industry in which exports are $100 million and imports are $100 million?
a. 100/200 = 0.50 b. (100 + 100)/100 = 2.00 c. 100/[1/2 × (100 + 100)] = 1.00 d. (100 - 100)/100 = 0.00
The idea of efficiency wages is that:
A. the wages of each type of labor must be proportionate to their marginal products. B. the wages of each type of labor must be equal to their marginal products. C. firms might get greater work effort by paying above-equilibrium wage rates. D. workers are more diligent when paid below-equilibrium wages.
The National Bureau of Economic Research decides the official start and end dates for a recession.
Answer the following statement true (T) or false (F)