Which of the following would not cause a shift in the long-run aggregate supply curve ?

A. All of these answers shift the long-run aggregate supply curve
B. An increase in the available capital
C. An increase in the available labour
D. An increase in price expectations

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to ?

A. Shift the short-run aggregate supply curve to the left
B. Shift the aggregate demand curve to the right
C. Shift the short-run aggregate supply curve to the right
D. Shift the aggregate demand curve to the left

Which of the following statements about economic fluctuations is true ?

A. None of these answers
B. A depression is a mild recession
C. A variety of spending income, and output measures can be used to measure economic fluctuation because most macroeconomic quantitties tend to fluctuate together
D. A recession is when output rises above the natural rate of output

Historically countries at early stages of rapid economic development have tender to experience ?

A. Trade deficit and an excess of investment over domestic saving
B. Trade surplus and an excess of investment over domestic saving
C. Trade deficits and an excess of domestic savings over investment
D. Trade surpluses and an excess of domestic saving over investment

The balance of trade is a record of ?

A. Exports and imports of financial assets
B. The current account plus capital account
C. The net export of goods and services
D. The value of merchandise exports minus imports

_______ is needed to balancell the balance of payments statements?

A. Credit transactions
B. Debit transactions
C. Unilateral transfers
D. Statistical discrepancy

The differences between a country’s merchandise exports and its merchandise imports is the ?

A. Balance of payments
B. Capital account
C. Current account
D. Balance of trade

A country’s transactions with the rest of the world are recorded in the ?

A. Balance of international indebtedness
B. Balance of financial transactions
C. Balance of payments
D. Income statements

All of the following are debit items in the balance of payments except ?

A. Capital outflows
B. Merchandise exports
C. Private gifts to foreigners
D. Foreign aid granted to other nations

The role of _______ is to direct one nation’s savings into investments of another nation?

A. Merchandise trade flows
B. Services flows
C. Current account flows
D. Capital flows