Which of the following statements is (are) correct? During the existence of the Euro (1999-),
a. borrowing from abroad financed large excesses of merchandise imports over exports in the U.S.
b. the United States has continued to be the world's largest debtor nation.
c. the dollar initially appreciated but then depreciated strongly since 2001 against the euro.
d. All of the above
B
Economics
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Investment in human capital
A. shifts the aggregate production function downward. B. shifts the LRAS to the left. C. shifts the aggregate production function upward. D. decreases the aggregate demand for labor.
Economics
If real GDP declines in a given year, nominal GDP:
A. Must also be declining B. Must also be increasing C. May either rise or fall D. Is likely to remain constant
Economics