Based on the graph showing the crowding-out effect, due to the crowding-out effect, the economy ______ its full potential output.
a. cannot stay at
b. exceeds
c. performs exactly at
d. cannot estimate
a. cannot stay at
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Under a system of fixed exchange rates, excess demand for foreign currency at the official exchange rate would cause
a. the exchange rate to rise. b. the exchange rate to fall. c. the government to buy foreign currency from the country’s importers. d. the government to sell foreign currency to the country’s importers.
The majority of payments made by the federal government are for
a. transfer payments. b. administrative expenses. c. foreign aid. d. defense purchases
You put money in the bank. The increase in the dollar value of your savings
a. and the change in the number of goods you can buy with your savings are both nominal variables. b. and the change in the number of goods you can buy with your savings are both real variables. c. is a nominal variable, but the change in the number of goods you can buy with your savings is a real variable. d. is a real variable, but the change in the number of goods you buy with your savings is a nominal variable.
A call option described as out of the money would find:
A. the option has expired. B. the option has been exercised. C. the market price of the stock is above the strike price. D. the strike price is above the market price of the stock.