In the above figure, what is the equilibrium level of real GDP with government and the foreign sector?
A) $4.0 trillion B) $2.5 trillion C) $3.0 trillion D) $2.0 trillion
A
Economics
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In terms of dollars, the marginal benefit of working five days a week instead of four days a week is
A) the wages received for the fifth day of work. B) the wages received for 5 days of work. C) the wages received for 4 days of work. D) None of the above answers is correct.
Economics
As part of the "exchange rate effect of monetary policy," a lower money supply causes a __________ interest rate and thus __________ of the domestic currency
A) higher; appreciation B) higher; depreciation C) lower; appreciation D) lower; depreciation
Economics