An increase in exports of goods or services with no change in imports of goods or services
A) decreases GDP.
B) increases GDP.
C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased.
D) has no effect on GDP.
B
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Suppose the U.S. price level is 150, the German price level is 450, and the Swiss price level is 600
If exchange rates are 3 euros/dollar and 4 francs/dollar, then purchasing power parity ________ between Germany and the United States and ________ between Switzerland and the United States. A) does not hold; holds B) holds; does not hold C) does not hold; does not hold D) holds; holds
Many economists believe that the rise in European unemployment from 1960 to 2011 was caused by:
A. generous unemployment benefits. B. the decreased influence of union insiders. C. an increase in the number of younger workers, who have higher rates of unemployment. D. economic inequality.