As a percentage of national income, the U.S. spends more money on health care than any other industrialized nation
a. True
b. False
Indicate whether the statement is true or false
True
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In the complete algebraic formulation of ISLM,
A) the government spending multiplier is greater than the tax mulitplier as long as b <1. B) the government spending mulitplier is less than the tax multiplier as long as b<1. C) monetary policy is always more powerful than fiscal policy. D) fiscal policy is always more powerful than monetary policy.
If a U.S. firm buys Chinese toys using previously obtained Chinese currency, then both U.S. net exports and U.S. net capital outflow decrease
a. True b. False Indicate whether the statement is true or false
Assume an economy that makes only one product and that year 3 is the base year. Output and price data for a five-year period are as follows. Answer the question on the basis of these data. year units of output price per unit 1 3 3 2 4 4 3 6 5 4 7 7 5 8 8 Refer to the above data. In determining real GDP, the nominal GDP for:
a) each year must be multiplied by the relevant price index. b) years 1 and 2 must be inflated. c) years 4 and 5 must be inflated. d) years 1 and 2 must be deflated.
__________ is paid communication with potential customers in a public medium, such as newspapers and television.
A. Advertising B. Brand identification C. Public relations D. Journalism