Which of these changes is likely to follow when the Fed purchases U.S. government securities?
What will be an ideal response?
Planned investment spending will increase.
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Other things remaining the same, ________ in U.S. real GDP results in ________ in U.S. imports
A) an increase; a decrease followed by no change B) an increase; an increase C) a decrease; an increase D) a decrease; no change E) an increase; a decrease
Relative to a perfectly competitive market for an exhaustible resource, the monopolist charges a ________ price and uses the resource more ________
A) lower, slowly B) lower, quickly C) higher, slowly D) higher, quickly
Competitive firms frequently use advertising to differentiate their product from their competitors' products
a. True b. False Indicate whether the statement is true or false
Redistribution programs that reduce poverty and income inequality
a. always increase GDP. b. always decrease GDP. c. usually increase GDP. d. usually decrease GDP.