From 1992, America's trade performance was marked by a(n)
a. reduced current account deficit.
b. increased current account deficit.
c. reduced capital account surplus.
d. increase in the growth of exports.
b
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According to the Keynesian model, a decline in the expected price level
a. will increase the inflation rate a central bank must generate to achieve a target level of unemployment. b. will decrease the inflation rate a central bank must generate to achieve a target level of unemployment. c. will not affect the inflation rate a central bank must generate to achieve a target level of unemployment. d. will not impact the effectiveness of monetary policy.
Taxes ____ the incentive to work, since they ____ an individual's after-tax earnings
a. reduce; increase b. increase; reduce c. increase; increase d. reduce; reduce
Which of the following explains why individuals must make choices?
a. competition among firms b. scarcity of resources c. inflation d. changes in the money supply e. conflict between positive and normative economic statements
Suppose a country had a smaller increase in debt in 2011 than it had in 2010 . Then other things the same, we would expect
a. lower interest rates and investment in 2011 than in 2010. b. lower interest rates and greater investment in 2011 than in 2010. c. higher interest rates and greater investment in 2011 than in 2010. d. higher interest rates and lower investment in 2011 than in 2010.