Which of the following transactions would be included in this year's GDP for the United States?

a. Deion sends $100 to a hotel in Costa Rica as a deposit for his vacation.
b. Deion buys a travel guide written by a Costa Rican woman living in the United States.
c. Deion buys a shirt while on vacation in Costa Rica.
d. Deion spends money in an American-owned restaurant in Costa Rica.


B

Economics

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a. True b. False Indicate whether the statement is true or false

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During 2008 in the United States, consumer confidence fell significantly. Which of the following will occur as a result of this reduction in consumer confidence?

A) The LM curve will shift up. B) The LM curve will shift down. C) The IS curve will shift rightward. D) The IS curve will shift leftward. E) The IS curve will shift rightward, and the LM curve will shift up.

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Economics