If inflation in the United States is lower than inflation in other countries, what will be
the effect on net exports for the United States?
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Net exports will rise as U.S. exports increase
Which of the following is most liquid?
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a dollar bill
The recession of 2007-2009 made many consumers pessimistic about their future
incomes. How does this increased pessimism affect the aggregate demand curve?
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This will shift the aggregate demand curve to the left
Economic growth ________ health, and health ________ economic growth
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improves; improves
If stricter immigration laws are imposed and many foreign workers in the United States
are forced to go back to their home countries,
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the long-run aggregate supply curve will shift to the left
What two factors are the keys to determining labor productivity?
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technology and the quantity of capital per hour worked
The level of long-run aggregate supply is affected by all of the following except
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changes in the price level
When an economy faces diminishing returns,
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the slope of the per-worker production function becomes flatter as capital
per hour worked increases
The period of time from 1,000,000 B.C. to 1300 A.D. was a period of
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no sustained economic growth
The level of real GDP in the long run is called
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the effect on net exports for the United States?
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Net exports will rise as U.S. exports increase
Which of the following is most liquid?
,Give this one a try later!
a dollar bill
The recession of 2007-2009 made many consumers pessimistic about their future
incomes. How does this increased pessimism affect the aggregate demand curve?
Give this one a try later!
This will shift the aggregate demand curve to the left
Economic growth ________ health, and health ________ economic growth
Give this one a try later!
improves; improves
If stricter immigration laws are imposed and many foreign workers in the United States
are forced to go back to their home countries,
Give this one a try later!
the long-run aggregate supply curve will shift to the left
What two factors are the keys to determining labor productivity?
, Give this one a try later!
technology and the quantity of capital per hour worked
The level of long-run aggregate supply is affected by all of the following except
Give this one a try later!
changes in the price level
When an economy faces diminishing returns,
Give this one a try later!
the slope of the per-worker production function becomes flatter as capital
per hour worked increases
The period of time from 1,000,000 B.C. to 1300 A.D. was a period of
Give this one a try later!
no sustained economic growth
The level of real GDP in the long run is called
Give this one a try later!
