In the New Keynesian open economy model with a flexible exchange rate, an increase in anticipate future total factor productivity
A) has no effects.
B) increases aggregate output.
C) reduces aggregate consumption.
D) causes an exchange rate appreciation.
D
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Surgical weight loss procedures are cheaper and safer than ever. As a consequence, we could expect:
a. An increase in the amount of care individuals take of their diet b. A decrease in the amount of care individuals take of their diet c. An increase in pre-surgery obesity d. Both B&C
In an antitrust lawsuit, which of the following parties is entitled to receive treble damages?
a. The Antitrust Division of the Justice Department b. The Federal Trade Commission c. Private plaintiffs d. State attorney generals e. The Department of Labor
Ronald Reagan believed that reducing income tax rates would
a. do little, if anything, to encourage hard work. b. result in large increases in deadweight losses. c. raise economic well-being and perhaps even tax revenue. d. lower economic well-being, even though tax revenue could possibly increase.
Cost-push inflation is due to:
a. energy cost increases. b. labor cost increases. c. raw material cost increases. d. All of the answers are correct.