In macroeconomics, it is impossible to include many individual markets in a single data source
a. True
b. False
B
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Computers and insurance coverage produced in the United States and sold to people in other nations are categorized as
A) U.S. imports of goods and services. B) U.S. exports of goods and services. C) U.S. consumption goods and services. D) foreign capital goods. E) U.S. government goods and services.
See the information in Scenario 4.4. Suppose that the price should increase slightly from $10, how will this affect the total expenditure of consumers on the game?
A) Total expenditures will increase. B) Total expenditures will not change. C) Total expenditures will decrease by a larger percentage than the price increase. D) Total expenditures will decrease by a smaller percentage than the price increase. E) either C or D could be true.
If a variable other than the price level changes, the AD curve shifts
a. True b. False
If aggregate demand shifts outward over a long period of time, with aggregate supply held constant, the economy should experience
A. unemployment. B. recession. C. budget surpluses. D. inflation.