In the figure above, suppose the economy is initially at point B. Then the interest rate in Japan rises relative to the interest rate in the United States. This change ________ the supply of dollars and the market moves to a point such as ________
A) decreases; A
B) decreases; E
C) increases; D
D) increases; C
D
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The federal government debt as a percentage of GDP fell
A) from 1980-1992. B) from 2002-2007. C) during the Great Depression. D) during World War I and World War II. E) from 1998-2001.
The inflation rate = ________
A) nominal GDP - real GDP B) growth rate in real GDP - growth rate in nominal GDP C) growth rate in real GDP + growth rate in nominal GDP D) nominal GDP รท real GDP E) none of the above
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According the graph shown, the firm's most efficient scale of operation is to produce quantity:
A. Q1. B. Q2. C. Q3. D. Any quantity as long as P1 is charged.
The U.S. Federal expenditures for "pensions and income security" is dominated by
A. unemployment benefits. B. housing subsidies. C. Social Security payments. D. food stamps.