Refer to the table above. If consumption expenditure increases to $200,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall to $367,000 B) gross domestic product will increase to $367,000
C) gross domestic product will increase to $400,000 D) gross domestic product will fall to $400,000
B
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International trade can have important effects on the distribution of income because
A) some resources are immobile in the short run. B) of government corruption. C) the more powerful country dictates the terms of trade. D) rich countries take advantage of poor countries. E) different countries use different currencies.
All of the following would increase the natural rate of unemployment EXCEPT
A) union activity restricts the mobility of labor. B) government licensing of teachers restricts employment. C) a mismatch of skills and jobs. D) a downturn in the economy.