Refer to the table above. If imports falls to $45,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall by $5,000 B) gross domestic product will fall by $ 10,000
C) gross domestic product will increase by $5,000 D) gross domestic product will increase by $ 10,000
C
Economics
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If the market price is $40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is
A) $8. B) $20. C) $40. D) $200.
Economics
A central bank that does NOT follow the Taylor principle will fail to raise nominal interest rates by more than the increase in expected inflation
Therefore, higher inflation will lead to a ________ in real interest rates, resulting in ________-sloping monetary policy curves. A) decline; downward B) rise; downward C) rise; upward D) decline; upward
Economics