Assume the Marshall-Lerner condition holds. Which of the following will cause an increase in net exports?
A) an increase in government spending
B) an increase in investment
C) a reduction in foreign output
D) a reduction in the real exchange rate
E) all of the above
D
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Which of the following statements is true about the misperceptions theory?
A) Both anticipated and unanticipated changes in the nominal money supply have real effects on the economy. B) Neither anticipated nor unanticipated changes in the nominal money supply has real effects on the economy. C) Unanticipated changes in the nominal money supply have real effects, but anticipated changes are neutral. D) Anticipated changes in the nominal money supply have real effects, but unanticipated changes are neutral.
When isoquants get progressively closer together there is
a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale
In practice, monopolistically competitive markets are:
A. very rare. B. very common. C. virtually nonexistent. D. the only type of market that truly exists.
Answer the following statement(s) true (T) or false (F)
1. In the United States, the first law dealing with drinking water was passed in the 1920s. 2. The first Safe Drinking Water Act (SDWA) was passed in the 1970s. 3. The Safe Drinking Water Act Amendments of 1996 represent the law currently in force. 4. The Drinking Water State Revolving Fund (DWSRF) was established under the original Safe Drinking Water Act of 1974. 5. Under the American Recovery and Reinvestment Act, $2 billion was earmarked for the Drinking Water State Revolving Fund.