Net exports are defined as:
A. GDP minus exports.
B. exports plus imports.
C. imports less exports.
D. exports less imports.
Answer: D
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Refer to Figure 17-2. Suppose the Fed used expansionary policy to push short-run equilibrium to point B. If the short-run equilibrium remained at point B long enough,
A) the economy would move back to point A. B) the short-run Phillips curve would shift down. C) the economy would stay at point B in the long run. D) the short-run Phillips curve would shift up.
When a multinational affiliate replicates elements of a production process in a foreign country it is called ________ foreign direct investment
A) vertical B) horizontal C) transitional D) bisectional E) direct
Appreciation of the U.S. dollar will ________ exports and ________ imports, other things equal
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
The discount rate is the interest rate that the Federal Reserve charges banks for borrowing from the Fed
Indicate whether the statement is true or false