The AD shortfall is the amount of additional aggregate demand needed to achieve full employment after allowing for
A. Feedback effects.
B. Fiscal stimulus.
C. Multiplier effects.
D. Price level changes.
Answer: D
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If the U.S. current account balance is -$500 billion and the capital and financial account balance is +$510 billion
A) the U.S. official settlements account balance is $10 billion. B) the U.S. government's holdings of foreign currency increases by $10 billion. C) foreign investment in the United States is smaller than the U.S. investment abroad. D) U.S. exports are greater than U.S. imports.
A copyright creates a monopoly by restricting ________
A) the prices that can be charged B) demand for the product C) entry into the market D) the number of creators and inventors
If a monopsony paid its workers a wage equal to their value of marginal product, it would be maximizing its profit
Indicate whether the statement is true or false
If Year 1 is the base year, the real GDP of Year 2 is
A) $800. B) $1050. C) $1900. D) $2400.