If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in the United States?
a. an increase in U.S. imports
b. an increase in U.S. exports
c. a decrease in U.S. imports
d. an increase in U.S. net exports
a
Economics
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According to real business cycle models
A) the economy is normally operating below the natural rate of unemployment. B) unexpected changes in monetary policy are the major source of fluctuations in real GDP. C) the economy is normally at potential GDP. D) the long-run Phillips curve is negatively sloped.
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Prostitution is made legal in the United States, what is the impact on GDP?
A) GDP increases. B) GDP decreases. C) GDP is unchanged. D) None of the above.
Economics