Compared to 1929, total output in the U.S. in 2016 was approximately ________ times larger.
A. 5
B. 15
C. 2
D. 25
Answer: B
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An appreciation of a country's currency
A) decreases the relative price of its exports and lowers the relative price of its imports. B) raises the relative price of its exports and raises the relative price of its imports. C) lowers the relative price of its exports and raises the relative price of its imports. D) raises the relative price of its exports and lowers the relative price of its imports. E) raises the relative price of its exports and does not affect the relative price of its imports.
Which of the following banks is similar to a U.S. investment bank?
A) City banks B) Grossbanken C) Merchant banks D) Cooperative banks
What claim is made by the Ricardian Equivalence Theorem? Why must it hold in a simple economy? If it fails to hold for our economy, what do economists expect the reason(s) may be?
What will be an ideal response?
If aggregate demand and aggregate supply both shift right, we can be sure that the price level is higher in the short run
a. True b. False Indicate whether the statement is true or false