Which of the following statements is false?
A) In recent years, the Chinese government has bought U.S. government bonds, raising interest rates in the United States.
B) Among the key features of globalization is the growing integration of the national economies of the world.
C) Globalization is associated with a movement toward more free enterprise.
D) It is becoming increasingly common for Americans to work for foreign companies that have offices in the United States.
A
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Data on wages, education, and many other characteristics of the population that are available to anyone who wants to use them are called:
A) public-use data. B) primary data. C) secondary data. D) private-use data.
The fixed expense on a fixed level of capital in the short run becomes a fixed cost for the firm in the long run.
Answer the following statement true (T) or false (F)
In the traditional Keynesian model, if the government increases government spending,
A. the C + I + G + X line will shift down and the aggregate demand curve will shift to the left. B. the C + I + G + X line will shift down but the aggregate demand curve will not shift. C. the C + I + G + X line will shift up but the aggregate demand curve will not shift. D. the C + I + G + X line will shift up and the aggregate demand curve will shift to the right.
Suppose the economy is producing at the natural rate of output. An open market purchase of bonds by the Fed will cause ________ in real GDP in the long run and ________ in inflation in the long run, everything else held constant
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease