If foreign income falls, there will be _____
a. an increase in foreign spending
b. a rise in domestic aggregate demand
c. no change in either domestic net exports or aggregate demand
d. a decline in the domestic price level
e. a decrease in domestic aggregate demand
e
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If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal
A) there will be a rightward shift in the labor supply curve. B) there will be a downward movement along the labor supply curve. C) there will be a leftward shift in the labor supply curve. D) there will be an upward movement along the labor supply curve.
What is the NAIRU?
A) the nongovernmental agency of inflationary rate unions B) the new accrual index of real unemployment C) the nonaccelerating inflation rate of unemployment D) the natural accelerating inflation rate of unemployment
Which of the following is true of the typical relationship between marginal product (MP) and average product (AP)?
A) If MP is greater than AP, then AP is falling. B) The AP curve intersects the MP curve at minimum MP. C) The MP curve intersects the AP curve at maximum AP. D) If MP is less than AP, then AP is increasing.
An increase in all of the following will increase aggregate demand EXCEPT
A) investment. B) savings. C) exports. D) government spending.