Recall the Application about how technological advances in another country may hurt the United States to answer the following question(s). In this Application, how will the United States gain when China becomes more prosperous?
A. American companies get a larger market for U.S. goods.
B. we can borrow more money from them.
C. they can share the costs of keeping world peace.
D. we can access the new technology they develop.
Answer: A
Economics
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A leftward shift of the savings curve CANNOT be caused by a(n):
A. positive shock to consumption. B. increase in the government budget deficit. C. reduction in taxes. D. increase in the real interest rate.
Economics
Which of the following would tend to increase AD?
a. a commercial bank using excess reserves to extend a loan to a customer b. a commercial bank purchasing U.S. securities from the Fed as an investment c. an increase in reserve requirements d. an increase in the discount rate
Economics