Which of the following increases U.S. aggregate demand?
a. a lower price level, increasing citizen's real wealth
b. a lower price level, reducing interest rates
c. a lower price level, increasing exports and decreasing imports
d. an increase in Americans' expected future incomes
d
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China runs a current account surplus with the United States. Which of the following must be true about China's balance of payments with the United States?
A) Its net exports must be negative. B) It must run a financial account deficit. C) Its balance of payments must run a deficit. D) Its balance of trade must be in deficit.
Which one of the following people would be counted as unemployed in Canada?
A) Sharon recently began looking for work after staying at home for 10 years to look after her children. B) Maurice is on a 2 month vacation out of the country but is still looking for a job using the internet. C) Kanhaya has stopped looking for work since he was unable to find a suitable job during a two -month search. D) Doris works only 5 hours a week but is looking for a full -time job. E) Taylor is a homemaker.
Minimum wage laws, labor unions, and efficiency wages all generate unemployment by what common mechanism?
How does increased household borrowing affect present and future consumption?
What will be an ideal response?