When considering imports and exports, economists include the ________ as a component of the GDP
A) net exports B) total imports C) gross exports D) total exports
A
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Other things the same, if the Fed increases the quantity of money, the supply of money curve shifts
A) rightward and the nominal interest rate decreases. B) leftward and the real interest rate increases. C) leftward and the nominal interest rate increases. D) leftward and the nominal interest rate decreases. E) rightward and the real interest rate increases.
A major reason for the existence of inflationary and deflationary gaps is that
A. corporations do most of the nation’s saving. B. saving and investing are done by people with no social conscience. C. consumers do most of the nation’s saving. D. saving and investing are done by different groups.
Which of the following conditions is TRUE for both the perfectly competitive firm and the monopoly at the profit-maximizing output level?
A) MR = P B) MC = ATC C) MC = P D) MR = MC
The large decrease in crude oil prices during 2014-2015 was attributable to
A. directional drilling. B. hyperaccurate seismologic mapping. C. hydraulic fracturing. D. all of these.