Which of the following is an injection in an open economy?
a. Saving
b. Imports
c. Exports
d. Taxes
e. Money
C
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New York Times writer Michael Lewis wrote that "The sad truth, for investors, seems to be that most of the benefits....are passed through to consumers free of charge." To which of the following did Lewis refer?
A) the Enron accounting scandal B) apple farming in New York state C) new technologies developed in the 1990s D) the medical screening industry
Explain the difference between macroeconomic variables that are in terms of levels and growth rates. Which important macroeconomic variables are which? Which one is the unemployment rate?
What will be an ideal response?
One of the main functions of the Fed is minting U.S. coins
a. True b. False Indicate whether the statement is true or false
Which of these changes is observed in an economy when a recessionary gap is closed in the long run?
a. An increase in the inflation rate and a decrease in the unemployment rate b. An increase in the level of output and a decrease in the price level c. An increase in both the rate of output and the price level d. A decrease in both the rate of output and the price level e. A decrease in the inflation rate and an increase in the unemployment rate