In the current account, the largest category of international transactions is
A) imports.
B) international investment.
C) statistical discrepancy.
D) net interest.
E) net transfers.
A
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Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars Sold Trucks SoldLarry105Joe99Ralph312Based on last month's data, Ralph's opportunity cost of selling a truck is selling:
A. 4 cars. B. 1/4 of a car. C. 3 cars. D. 1/3 of a car.
The Keynesian view is that the aggregate supply curve is vertical
a. True b. False Indicate whether the statement is true or false
The 45-degree line used in a consumption function represents:
a. the saving function. b. all points at which saving equals disposable income. c. all points at which consumption equals saving. d. all points at which all disposable income is consumed. e. the aggregate income of the economy.
What happens to aggregate demand when government spending and the taxes to pay for it both rise by the same amount?
A. There is no effect. B. Aggregate demand rises by the amount of the government spending times the multiplier. C. Aggregate demand rises by the amount of the government spending. D. Aggregate demand falls by the amount of the government spending.