Just before and during the recession of 2007-2009, net exports in the United States
A) fell and remained negative.
B) fell, but remained positive.
C) rose and became positive.
D) rose, but remained negative.
Answer: D
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The first antitrust law passed was the ________
A) Federal Trade Commission Act B) Sherman Act C) Clayton Act D) Robinson-Patman Amendment
If, as your taxable income decreases, you pay a larger percentage of your taxable income in taxes, then the tax is
A) regressive. B) progressive. C) proportional. D) unfair.
Less developed countries are often characterized by imperfect capital markets. Assuming that the LCH applies to these countries and that a large proportion of the population is below fifty the
A) MPC should be relatively high. B) MPC should be relatively low. C) frequency of liquidity constraints is low. D) sensitivity of consumption to loans is low.
The natural rate of unemployment is: a. equal to the seasonal unemployment
b. usually equal to 3 percent. c. the unemployment rate when none of the work force is unemployed for more than six weeks. d. the unemployment rate at which the economy is producing its potential GDP. e. defined by the government.