According to the text, which of the following is true?
A. The United States imports baseballs and exports corn.
B. The United States imports wheat, but not auto parts since it exports auto parts.
C. The United States imports paper, but not computers since it exports computers.
D. The United States imports auto parts and cars, but it doesn't export cars.
Answer: A
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To complement actions by the Fed to reduce inflation, Congress and the President can cut spending and/or raise taxes
Indicate whether the statement is true or false
Refer to the graph below. The movement from __________ to __________ is consistent with a successful advertising campaign that claims wool keeps you warm.
a. Point A; Point B
b. Point A; Point F
c. Point A; Point D
d. Point A; Point H
Under the expectations hypothesis, a downward-sloping yield curve suggests:
A. this is a trick question, the yield curve always slopes upward. B. investors expect future short-term interest rates to fall. C. investors expect future short-term interest rates to rise. D. investors expect future short-term interest rates to remain constant.
Under which of the following assumption can activist policies have sizable effects on aggregate demand?
A. infrequent information updates B. rational inattention C. habit formation among people D. all of these