Bill, a U.S. citizen, pays a Spanish architect to design a metal casting factory. Which country's exports increase?
a. Spain's
b. the U.S.'s
c. Spain's and the U.S.'s
d. neither Spain's nor the U.S.'s
a
Economics
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The long-run aggregate supply curve shifts to the right when ______, ceteris paribus.
a. producers are willing to supply less real output b. firms experience relatively constant input costs c. greater output is achieved on a sustainable basis d. workers believe that the price level is going to increase
Economics
A main reason the federal government may choose to spend would be the:
A. real interest rates decrease. B. real interest rates increase. C. desire to achieve full-employment GDP. D. government expected to earn a large return on its spending.
Economics