Gross private domestic investment
a. excludes all investment in the United States by foreign firms.
b. includes all capital in the United States.
c. includes net additions to the capital stock plus all new corporate stocks and bonds.
d. includes business expenditures on new factories, tools, and machinery.
D
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If labor contracts prevent wage flexibility, the aggregate supply curve will be
A) vertical. B) horizontal. C) negatively sloped. D) positively sloped.
Which of the following rates of growth in the money supply is likely to lead to the highest level of inflation in the economy?
a. 1 percent per year b. 2 percent per year c. 3 percent per year d. 4 percent per year
Categories of U.S. consumer spending, ranked from largest to smallest, are
a. housing, food & beverages, education & communication, and transportation. b. education & communication, housing, food & beverages, and transportation. c. food & beverages, housing, transportation, and medical care. d. housing, transportation, food & beverages, and medical care.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, the estimated value of a is
A. -0.6931 B. 2.66 C. 0.50 D. -3.67