Which of the following is not a result of a U.S. tariff on foreign autos?
a. increase the price of imported autos
b. increase the price of domestic autos
c. decrease the quantity of foreign autos purchased by U.S. consumers
d. decrease the quantity of domestic autos purchased by U.S. consumers
d
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A permanent reduction in net exports leads to
A) a less than proportional decrease in real Gross Domestic Product (GDP). B) a more than proportional decrease in real Gross Domestic Product (GDP). C) a reduction in taxes, autonomous government spending, and a fall in real Gross Domestic Product (GDP). D) a proportional increase in real Gross Domestic Product (GDP).
When sketched as a function of disposable income, the investment demand curve is:
a. always horizontal. b. always vertical. c. upward sloping. d. parabolic.
In what year did the housing bubble burst?
a. 2000 b. 2006 c. 2008 d. There was no such event.
Planned aggregate expenditure (PAE ) equals:
A. C + I p + G + NX. B. C + I + G + NX p. C. C p + I + G + NX. D. C + I + G p + NX.