In calculating the net exports component of GDP, exports
a. and imports are subtracted
b. and imports are included
c. and imports are equal
d. are included and imports are not
e. are included and imports are subtracted
E
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The quantity of real GDP supplied increases when the price level increases because
A) the quantity of money increases. B) the real wage rate rises. C) aggregate demand increases. D) investment increases. E) the real wage rate falls.
The IMF lends at low interest rates and without preconditions
Indicate whether the statement is true or false
If producers who hire labor in a competitive labor market decide to purchase the new automated machine that completes the work of 30 employees, in the short run we would expect the:
A. labor-demand curve to shift to the right and wages would increase. B. labor-supply curve to shift to the left and wages would rise. C. labor-demand curve to shift to the left and wages would decrease. D. labor-supply curve to shift to the right and wages would rise.
Which of the following is included in "labor standards"?
I. minimum wages II. safety standards III. child labor regulations a. I b. I and II c. II and III d. I, II, and III