Paine Pharmaceuticals produces medicines in the U.S. Its overseas sales
a. are an export of the U.S. and increase U.S. net exports.
b. are an export of the U.S. and decrease U.S. net exports.
c. are an import of the U.S. and increase U.S. net exports.
d. are an import of the U.S. and decrease U.S. net exports.
a
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Indicate whether the statement is true or false
Under a managed float system, central banks can
A) allow international reserve changes. B) let exchange rates adjust to market pressure. C) experience reserve changes and exchange rate changes. D) All of the above.
Between 1984 and 1989, the S&P 500 index more than ________, and between 1994 and 2000 it ________
A) doubled; tripled B) tripled; doubled C) doubled; decreased D) tripled; decreased
Higher unemployment tends to be associated with
A) the classical model. B) higher real GDP. C) higher nominal GDP. D) lower real GDP.