Monetizing deficits has led to serious inflation in
A. the United States.
B. Canada.
C. the United Kingdom.
D. Russia, Latin America, and Israel.
E. All of the above are correct.
Answer: D
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Which of the following is true of a small open economy, but not of a large open economy?
A) Net exports are unlikely to be close to zero. B) The domestic real interest rate is equal to the world real interest rate. C) Changes in desired investment result in changes in the trade balance. D) Changes in desired investment result in changes in actual investment. E) none of the above
U.S. unemployment as a result of freetrade agreements such as NAFTA
a. should be taken much more seriously, and workers should be offered assistance. b. is a temporary phenomenon to which the economy will adjust within a few years. c. results in a shift into lower productivity jobs such as hamburger flipping. d. results in a shift into lower productivity jobs such as hamburger flipping and is a temporary phenomenon to which the economy will adjust within a few years.
If a company is liquidated, common stockholders ______.
a. are entitled to nothing and lose their investment b. receive their dividends first, before any of the company’s other obligations are met c. are obligated to pay any debts remaining after the company’s assets have been sold d. receive all remaining corporate assets after the company’s debts and preferred stockholders have been paid
Use the graph below to answer the next question.
Other things equal, an increase in labor productivity would cause a
A. move from a to b on D1. B. move from b to a on D1. C. shift from D2 to D3. D. shift from D3 to D2.