A vertical aggregate supply curve increases the size of the multiplier effect.
Answer the following statement true (T) or false (F)
False
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If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?
A) $12 trillion B) $6 trillion C) $3 trillion D) $333 billion
A depreciation in the value of the U.S. dollar would:
a. encourage foreigners to travel on American owned airlines. b. make U.S. goods more expensive to foreign consumers. c. decrease the number of dollars it takes to buy a Swiss franc. d. make it more expensive for U.S. citizens to travel abroad.
In the circular flow model, which of the following is considered a leakage?
a. investment spending b. business spending c. household saving d. total exports
As a result of the Uruguay Round, production of ________ goods increased in Asian developing countries and polluting emissions in these countries ________ as a result.
A. unskilled-labor-intensive; decreased B. capital and skill-intensive; increased C. capital and skill-intensive; decreased D. unskilled-labor-intensive; increased