Low productivity in the U.S. appreciates the dollar in the foreign exchange market
Indicate whether the statement is true or false
F
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The demand curve for the output of a perfectly competitive firm is
a. perfectly inelastic b. perfectly elastic c. unit elastic d. downward sloping e. nonlinear
An increase in technology ________ potential GDP and ________ aggregate supply
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; does not change
The owners of preferred stock
A) receive preferential treatment in the payment of dividends. B) have the same voting rights as owners of common stock. C) are the original owners of the corporation. D) have the same rights as bondholders.
The identity that shows that total income and total expenditure are equal is
a. GDP = Y. b. Y = DI + T + NX. c. GDP = GNP - NX. d. Y = C + I + G + NX.