Goods and services that the United States sells to other nations are called
A) exchanges.
B) world goods.
C) imports.
D) exports.
E) bartered goods.
D
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The unemployed are those people who
A. are not employed but are seeking work. B. are not working. C. are not in the workforce. D. do not have jobs.
The paper currencies of the U.S. are also called
A. U.S. government notes. B. Federal Reserve notes. C. Treasury bills. D. Treasury bonds.
Refer to Table 16-2. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy
If Congress and the president want to keep real GDP at its potential level in 2017, they should A) decrease government purchases. B) buy Treasury securities. C) decrease the discount rate. D) conduct expansionary fiscal policy.
What does it mean if an industry has external economies?
What will be an ideal response?