which of the following would most likely be included in the positive side of the us course hero

What is the key idea of Keynesian economics?

Why does aggregate supply slope up?

What does it mean if the line is below zero?

How much did Vesey export in 2010?

What is the definition of current trade balance?

Is C. a related word to B?

Does B. measure its exports as a share of GDP?

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ECON 131 Midterm 2 HW Questions Flashcards | Quizlet

Study with Quizlet and memorize flashcards containing terms like Goods and services are produced in one country that are then sold in another country are called ______. a. exports b. trade-able items c. surplus items d. economic stimulants, The term ______ describes circumstances where a country's exports exceed its imports. a. trade deficit b. trade imbalance c. trade surplus d. trade balance ...

Chapter 10 Flashcards | Quizlet

Study with Quizlet and memorize flashcards containing terms like Goods and services produced in one country that are then sold in other countries are called _____. A. exports B. tradeable items C. surplus items D. economic stimulants, The term _____ is used to describe what those in one country buy from those in other countries. A. exports B. imports C. trade D. surplus, The term ...

Solved 4. Referring to the above diagram, which of the | Chegg.com

Business; Economics; Economics questions and answers; 4. Referring to the above diagram, which of the following is a true statement? A. Macrocconomic policy will be needed to address rising inflation B.

What is the key idea of Keynesian economics?

Keynesian economics is based on two main ideas: a) aggregate demand is more likely than aggregate supply to be the primary cause of a short-run economic event like a recession, because aggregate supply usually moves slowly; b) wages and prices can be sticky, and so in an economic downturn unemployment can result.

Why does aggregate supply slope up?

Aggregate supply (AS) slopes up, because as the price level for outputs rises, with the price of inputs remaining fixed , firms have an incentive to produce more to earn higher profits. The potential GDP line shows the maximum that the economy can produce with full employment of workers and physical capital.

What does it mean if the line is below zero?

If the lines fall below zero dollars, the United States is running a trade deficit and a deficit in its current account balance. 2 Trade Balances in Historical and International Context, Continued.

How much did Vesey export in 2010?

In 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 billion and services worth $255 billion. It sent $1.2 billion in famine relief to Africa, and received $3 billion to support its first democratic election efforts.

What is the definition of current trade balance?

A. current trade balance; foreign aid announced by the government.

Is C. a related word to B?

C. is not very strongly related to either a or b above.

Does B. measure its exports as a share of GDP?

B. may measure its exports as a share of GDP.

What is the key idea of Keynesian economics?

Keynesian economics is based on two main ideas: a) aggregate demand is more likely than aggregate supply to be the primary cause of a short-run economic event like a recession, because aggregate supply usually moves slowly; b) wages and prices can be sticky, and so in an economic downturn unemployment can result.

Why does aggregate supply slope up?

Aggregate supply (AS) slopes up, because as the price level for outputs rises, with the price of inputs remaining fixed , firms have an incentive to produce more to earn higher profits. The potential GDP line shows the maximum that the economy can produce with full employment of workers and physical capital.

What does it mean if the line is below zero?

If the lines fall below zero dollars, the United States is running a trade deficit and a deficit in its current account balance. 2 Trade Balances in Historical and International Context, Continued.

How much did Vesey export in 2010?

In 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 billion and services worth $255 billion. It sent $1.2 billion in famine relief to Africa, and received $3 billion to support its first democratic election efforts.

What is the definition of current trade balance?

A. current trade balance; foreign aid announced by the government.

Is C. a related word to B?

C. is not very strongly related to either a or b above.

Does B. measure its exports as a share of GDP?

B. may measure its exports as a share of GDP.