C. stayed relatively low, due to the lack of lending by banks, reducing the effectiveness of the money multiplier.
A. import, because they are assembled in China.
B. import, because they are assembled in Mexico.
C. export, because they are assembled in China.
D. export, because they are produced in the U.S.
A. import, because they are assembled in China.
You might also like to view...
Refer to Table 4-4. If a minimum wage of $9.50 is mandated there will be a
A) shortage of 20,000 units of labor. B) surplus of 10,000 units of labor. C) shortage of 10,000 units of labor. D) surplus of 20,000 units of labor.
Refer to Figure 4-11. Suppose the market is initially in equilibrium at price P1 and then the government imposes a tax on every unit sold. Which of the following statements best describes the impact of the tax?
A) The consumer will bear a greater share of the tax burden if the demand curve is D2.
B) The consumer will bear a greater share of the tax burden if the demand curve is D1.
C) The consumer will bear the entire burden of the tax if the demand curve is D1 and the producer will bear the entire burden of the tax if the demand curve is D2.
D) The consumer's share of the tax burden is the same whether the demand curve is D1 or D2.
The law of supply states that more of a good will be supplied the lower its price, other things constant.
Answer the following statement true (T) or false (F)
If monetary policymakers do not change their inflation target and aggregate demand shifts left:
A. there will be an increase in inflation in the long run. B. it will result in a permanent reduction in inflation. C. there will be a temporary decrease in output. D. potential output will decrease.