If the government decides to increase spending on defense:
A. the aggregate demand curve will shift out temporarily.
B. the aggregate demand curve will shift in permanently.
C. the aggregate demand curve will shift in temporarily.
D. the aggregate demand curve will shift out permanently.
Ans: A. the aggregate demand curve will shift out temporarily.
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Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock. b. A Japanese consumer's purchase of an Apple computer. c. An American tourist's payment to a Japanese hotel. d. An American consumer's purchase of a Toshiba VCR.
Who would describe economic growth by relating the level of investment to the changes in the level of national income?
a. market theorists b. housing cycle theorists c. innovation cycle theorists d. real business cycle theorists e. internal cycle theorists
A person committing to carpool with a friend to the gym for daily workouts is an example of:
A. positive framing. B. a commitment device. C. status quo bias. D. the endowment effect.
Calculate the Herfindahl-Hirschman Index in this industry
