Everything else equal, an appreciation of the dollar will:
A) cause the net exports of the U.S. to increase. B) cause the U.S. GDP to fall.
C) not affect U.S. GDP. D) cause the U.S. GDP to increase.
B
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The study of inflation is part of:
a. Macroeconomics b. Microeconomics c. Urban economics d. Home economics
The benefit valuations for a product are gut feelings that occur:
A. after marginal thought. B. instantaneously. C. after careful thought. D. after conscious weight is given to the cost of the product.
Refer to Scenario 7.8 below to answer the question(s) that follow. SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively. Refer to Scenario 7.8. Diminishing returns to labor set in with the ________ worker.
A. first B. second C. third D. fourth
Which would be considered to be one of the factors that shift the aggregate supply curve in the short run? A change in ________.
A. net exports B. personal income taxes C. government regulation D. consumer spending