When the U.S. exchange rate falls, U.S. goods become ________ to foreign residents and U.S. exports ________
A) less expensive; increase
B) less expensive; decrease
C) more expensive; decrease
D) more expensive; increase
A
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Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2014 spending in 2009 dollars is about
a. $40,000. b. $44,100. c. $37,838. d. $40,091.
Over long periods of time, the growth rates of actual and potential GDP have been
A. diverging. B. similar. C. declining together. D. usually far apart.
Figure 34-5
?
From the graph in Figure 34-5 (curves show output per unit of labor input), one can infer that
A. Japan has an absolute advantage in TVs and computers, but a comparative advantage only in TVs. B. Japan has only a comparative advantage in TVs. C. Japan has an absolute advantage in both TVs and computers, but a comparative advantage only in computers. D. China has a comparative advantage in computers.
An increase in government spending is a ________ fiscal policy action
Fill in the blank(s) with correct word