Other things remaining unchanged, a decline in imports is associated with an increase in gross domestic product
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Katie wanted to buy a new car. However, she could not decide on a model that suited her needs and was affordable at the same time
She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, although its price exceeded the money she had saved for her car. Explain her behavior.
Which of the following can the government not use directly to control the economy?
a) Pay rates within the private sector b) Pay rates in the public sector c) Investment in state education d) Benefits available for the unemployed and sick
A simultaneous leftward shift in SRAS and rightward shift in AD may come from the dollar _______________ in the aftermath of a ____________________ in United States real interest rates
A) depreciating; rise B) depreciating; fall C) appreciating; rise D) appreciating; fall
If the market for a good consists of a downward sloping demand curve and a horizontal supply curve, consumers will pay the whole amount of a newly imposed tax.
Answer the following statement true (T) or false (F)