From 2012-2013, which of the following countries increased its expenditures by more than 10%?
a. China
b. Germany
c. Japan
d. the U.S.
a
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In 2005, fewer than one million workers were involuntarily employed on a part-time basis
Indicate whether the statement is true or false
Intermediate goods are included and final goods are not included in calculating gross domestic product
a. True b. False Indicate whether the statement is true or false
Assume that the central bank sells government securities in the open market. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and the nominal value of the domestic currency in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The real risk-free interest rate rises and nominal value of the domestic currency falls. b. The real risk-free interest rate falls and nominal value of the domestic currency falls. c. The real risk-free interest rate and nominal value of the domestic currency remain the same. d. The real risk-free interest rate rises and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
If the productivity of capital rises, its MPP will _____ and its MRP will _____.
A. rise; rise B. fall; fall C. rise; fall D. fall; rise