When a nonprice change affects any of the four components of GDP the:
A. aggregate demand curve will remain unaffected.
B. aggregate supply with shift left or right.
C. economy will move up or down along the aggregate demand curve.
D. aggregate demand curve will shift left or right.
Answer: D
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If a bond offers $1,000 in interest payments at the end of each of next 5 years and a repayment of $10,000 also at the end of the 5 years and the current discount rate is 3 percent, what is the present value of the bond?
A) $12,569 B) $13,205 C) $10,857 D) $4,580
Japan, Singapore, and Taiwan have all:
A. had success with import substitution policy. B. imitated South Korea's export-led growth policy and failed. C. imitated South Korea's import substitution policy and failed. D. had success with export-led growth policy.
What type of statement is a descriptive statement about how the world is?
The decline in big craft and industrial unions in the 1970s and 1980s has been partially offset by the rapid unionization of ____________.
Fill in the blank(s) with the appropriate word(s).