The most volatile GDP category under the expenditure approach is:
a. wages and salaries
b. investment.
c. consumption.
d. government purchases.
b
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Objective measures included in an evaluation and incentive system might include:
A. meeting or exceeding sales goals. B. recognition for finding and solving problems. C. reorganizing a department for improved human relations. D. improved quality of communications with subordinates.
The circular-flow diagram
a. is an economic model. b. incorporates two types of decision makers: households and firms. c. represents the flows of inputs, outputs, and dollars. d. All of the above are correct.
Export demand for commodities is affected by
A) A stronger U.S. dollar. B) Contractionary monetary policy which leads to higher U.S. interest rates relative to importing countries. C) Expansionary fiscal policy which leads to higher U.S. interest rates relative to importing countries. D) All of the above.