The relationship between aggregate expenditures and disposable income is shown by the:
a. aggregate expenditures curve
b. consumption function.
c. investment curve.
d. saving-disposable personal income curve.
a
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If the U.S. trade deficit was reduced in a rush, what would be a possible result?
a. decreasing inflation and increasing unemployment b. increasing inflation and decreasing unemployment c. increasing inflation and increasing unemployment d. decreasing inflation and decreasing unemployment
If the CPI was 140 at the end of 2007 and 150 at the end of 2008, what was the inflation rate in 2008?
A) 10 percent B) 6.67 percent C) 6.25 percent D) 7.14 percent E) 8 percent
Why does exchange rate overshooting occur?
What will be an ideal response?
If Option A costs $40 and yields 20 units of output and Option B costs $50 and yields 30 units of output,
A) Option B and Option A are equally economically efficient. B) Option B is economically efficient relative to Option A. C) Option A is economically efficient relative to Option B. D) It is not possible to determine which option is more economically efficient.