An increase in the U.S. price level will:
a. decrease U.S. exports
b. decrease U.S. imports.
c. increase RGDP demanded in the United States.
d. both (a) and (c)
a
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When personal computers were first produced, the price was very high. As time passed, the price of personal computers fell because
A) the initial price was too high and nobody bought personal computers. B) people's incomes increased and personal computers are an inferior good. C) the demand for personal computers decreased. D) there were technological advances in the production of personal computers. E) None of the above answers is correct.
If an Albanian company hires a U.S.-based law firm, it is
A) insourcing, from a U.S.-perspective. B) using domestic outsourcing. C) changing into a multinational enterprise. D) vertically integrating.
If the nominal interest rate is 4 percent and the anticipated inflation rate is 6 percent, then
A) the real interest rate is -10 percent. B) the real interest rate is 10 percent. C) the real interest rate is -2 percent. D) the real interest rate is 2 percent.
Friedman argued that the Fed could use monetary policy to peg
a. the level of real GDP. b. the growth rate of real GDP. c. the rate of unemployment. d. None of the above is correct.