A 2009 article in The Economist noted that some studies have provided evidence indicating that multipliers are
a. smaller in closed economies than in open economies.
b. larger in closed economies than in open economies.
c. smaller in capitalist economies than in socialist economies.
d. larger in capitalist economies than in socialist economies.
b
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An official settlements account balance of -$5,000 means
A) official reserves of foreign currency increased by $5,000. B) official reserves of foreign currency decreased by $5,000. C) the country is exporting more than it is importing. D) the country is importing more than it is exporting.
Most Americans believe that anyone who is poor can get rich by working hard
Indicate whether the statement is true or false
In 2014, male college graduates earned _____ more than male high school graduates.
a. 27% b. 49% c. 87% d. 123%
When actual output exceeds potential output there is ________ output gap and the rate of inflation will tend to ________.
A. no; remain the same B. an expansionary; decrease C. an expansionary; increase D. a recessionary; increase