Question 1. If Californians increase their purchases of Italian wine, assuming all else remains constant, this will ________ of the United States. A. decrease the balance of trade B. increase the current account balance C. decrease the balance of payments D. increase net exports E. decrease the trade deficit The increase in the amount that […]
Question <pre class=”ql-syntax”><span class=”hljs-attribute”>In</span> the long run, most economists agree that a <span class=”hljs-literal”>permanent</span> increase in government spending leads to ________ crowding out of private spending. A. more than complete B. complete C. <span class=”hljs-literal”>no</span> D. partial If the government purchases multiplier equals <span class=”hljs-number”>2</span>, and real GDP is <span class=”hljs-variable”>$14</span> trillion with potential real […]
Question 18. The First National Bank of Erie must meet a 5 percent required reserve ratio. If the bank has no excess reserves initially and $5,000 of new cash is deposited in the bank, then the bank can increase its loans by a maximum of: A. $25,000. B. $1,000. C. $4,750. D. $100,000. E. $5,000. 19. […]
Question 31. If the dollar appreciates against the Mexican peso,A. Mexican imports to the U.S. become more expensive. B. The value of Mexican imports to the United States does not change. C. U.S. exports to Mexico become less expensive. D. U.S. exports to Mexico become more expensive. 32. The short-run Phillips curve will shift if […]
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