Depreciation of the U.S. dollar will shift the AD curve leftward
Indicate whether the statement is true or false
FALSE
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The costs of a recession are largely
A) losses to some people but gains to others. B) made up in the subsequent recovery. C) the consequences of falling prices. D) the costs of disappointed expectations. E) welcomed by advocates of zero economic growth.
Collective consumption goods can lose their collective consumption characteristics as they get more crowded
a. True b. False
If the average worker's productivity is $20 of output per hour and the labor force is employed for 500 billion hours, GDP is equal to
A. $250 billion. B. $4 trillion. C. $25 billion. D. $10 trillion.
When calculating GDP, ________ are added and ________ are subtracted.
A. exports; imports B. exports; net exports C. imports; net exports D. imports; exports