One of the principal factors behind the U.S. trade deficits of the 1990s has been
a. slow growth and recession in many important trading partners.
b. rapid growth and inflation in many important trading partners.
c. significant depreciation of the dollar.
d. rising real interest rates in the United States.
a
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Recessions begin at ________ and end at ________.
A. a peak; a trough B. the highest unemployment rate; the lowest unemployment rate C. a trough; a peak D. the lowest unemployment rate; the highest unemployment rate
If the quantity of real GDP supplied equals the quantity of real GDP demanded, then
A) nominal GDP must equal real GDP. B) real GDP must equal potential GDP. C) real GDP must be greater than potential GDP. D) real GDP might be greater than, equal to, or less than potential GDP. E) real GDP must be less than potential GDP.
With tickets free and the show to be held in the 1,500-seat Detroit theater, what is free and what is scarce? Explain your answer
What will be an ideal response?
Which of the following would expand aggregate demand according to Keynesians, while stimulating aggregate supply according to modern supply-siders?
A. Increasing transfer payments B. Open-market purchases of Treasury bonds by the Fed C. Cutting the discount rate and reserve requirements on demand deposits D. Cutting personal and corporate marginal tax rates