In the Keynesian model, government spending is considered
A) a positive function of real GDP.
B) a negative function of real GDP.
C) to be a negative function of the real interest rate.
D) to be autonomous.
D
Economics
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Based on the theory of comparative advantage, nations maximize their well being when they
A) create more jobs. B) allocate resources more efficiently. C) increase trade surpluses. D) increase exports.
Economics
A decrease in the dollar price of foreign currency would cause
a. the nation's imports to increase and exports to decline. b. the nation's exports to increase and imports to decline. c. both imports and exports to decline. d. both imports and exports to rise.
Economics