My Econ Final

If a country had a trade deficit of $20 billion and then its export rose by $7 billion and its imports

- $3 Billion

if the real exchange rate for coal Is 1.5, the price of coal in the U.S. is $50 per ton, and the price of coal in Britain is 20 British pounds per ton, what is the nominal exchange rate

3/5

In the U.S. a candy bar cost $1. if the Nominal exchange rate were 6 Chinese yuan per Dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?

5 yuan

What cause prices and real GDP to rise in the short run

Aggregate demand shifts right

The deviation of unemployment from its natural rate is called

Cyclical Employement

A U.S. corporation builds a restaurant in china. Its expenditures are U.S.

Foreign direct investment that increase U.S net capital outflow

Minimum- wage laws are least likely to affect the wages paid to

Highly-Educated workers

If a U.S. textbook publishing company sells texts overseas, U.S. net exports

Increase, and U.S. net capital outflow increases

The number of adults not in the labor force of Aridia in 2010 was

Increased from 2010 to 2011 but decreased from 2011 to 2012

What is the correct formula for calculating the labor force participation

Labor Force/ Adult Population X 100

An increase in the expected price level shifts the short-run aggregate to the supply to the

Left, and in increase in the actual price level does not shift short-run aggregate supply

An increase in money supply might indicate that the Fed had

Sold bonds to decrease bank reserves

According to the classical model, in the long run recessions in Canada and Mexico would cause

The U.S. price level to fall and real GDP to rise

Suppose a stock market crash makes people feel poorer. This decrease in wealth would induce people to

decrease consumption, which shifts aggregate demand left

A Reduction in U.S next exports would shift U.S aggregate Demand.

leftward. In a attempt to stabilize the economy, the government could decrease expenditures

If aggregate demand shifts left, then in the short run

the price and real GDP both fall