Which one of the following was not a goal of the Navigation Acts?
a. Protect and encourage English and colonial shipping.
b. Ensure that major colonial imports from Europe were shipped from British ports.
c. Ensure that the bulk of desired colonial products were shipped to England.
d. Prevent West Indian planters from increasing their control over the U.S. colonial trade.
d. Prevent West Indian planters from increasing their control over the U.S. colonial trade.
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A monetary aggregate is a measure of
A) the inflation rate. B) the total economic activity of the country. C) money broader than currency. D) definitive money.
Assuming MPC is 0.90, what effect, if any, would an increase of $100 billion of U.S. exports have on the U.S. level of national income?
a. No effect since the goods would be consumed abroad b. National income increases by $100 billion c. National income decreases by $100 billion d. National income increases by $1,000 billion e. National income decreases by $1,000 billion