The budget deficits in the early 1980s were largely financed through A an

The budget deficits in the early 1980s were largely

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33. The budget deficits in the early 1980s were largely financed throughA) an increase in private domestic savingB) an increase in private domestic investmentC) an increase in net exportsD) a decrease in net exportsE) none of the aboveAns: DDifficulty: Medium34. If the budget surplus increases, which of the following is likely to happen?Difficulty: Easy35. If we look at U.S. net exports over the last four decades, we realize that9
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Difficulty: Medium36. If the U.S. unemployment rate has increased, which of the following must have occurred? Difficulty: Easy37. The PCE deflator measuresA) the average price increase of raw materials purchased by producers B) the average price increase of energy pricesC) price changes in consumer expenditures based on national income accountsD) price changes of final as well as semi-finished goodsE) the average price increase of all final goods excluding energyAns: CDifficulty: Easy38. The GDP-deflator and the producer price index (PPI) differ sinceDifficulty: Easy39. Assume that the prices of cars manufactured in the U.S. increases due to an increase in quality. Which of the following should happen if the same number of cars is produced?10
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Difficulty: Medium
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  • Spring '12
  • PROFCHEN
  • International Trade, gross domestic product, United States public debt, private domestic investment

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