The third phase of the industrial revolution was largely based on the development of the following products: ____________________________________________.
Fill in the blank(s) with the appropriate word(s).
computer systems, consumer electronics, computer software, and communications systems
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If the Treasury finances an expenditure by borrowing from the banking system, the money supply will not be affected if the banks
A) borrowed from the discount window to buy the government bonds. B) had no excess reserves when they bought the bonds. C) were not members of the Federal Reserve System. D) had no other government securities in their portfolios.
The long-run exit rule is to exit the industry if:
A. P > AVC. B. P < AVC. C. P < ATC. D. P > ATC.
Because depreciation of the real exchange rate of the dollar increases U.S. net exports, the demand curve for dollars in the foreign-currency exchange market is downward sloping
a. True b. False Indicate whether the statement is true or false
The tax cut of 2001 turned out to be well-timed because it caused a
A. rightward shift of the aggregate demand curve. B. rightward shift of the aggregate supply curve. C. leftward shift of the aggregate demand curve. D. leftward shift of the aggregate supply curve.