Question 32 3 pts Potential GDP refers to the extent to which real GDP is above or below nominal GDP. the level of GDP attained when all firms are producing at capacity. the difference between the highest level of real GDP per quarter and the lowest level of real GDP per quarter within any given year. the level of GDP attained by the country with the highest growth in real GDP in a given year. D Question 33 3 pts The only way the standard of living of the average person in a country can increase is if increases faster than production; population population; production population; GDP per capita population; income MacBook ProQuestion 48 3 pts An economy that has interactions in trade or finance with other economies is referred to as O a net foreign investment economy. O a trade-balanced economy. an open economy. O a closed economy. D Question 49 3 pts Which of the following would increase the current account balance of the United States? an increase in net exports an increase in the amount of income U.S. companies pay out to foreigners who own investments in the United States. an increase in the amount of money the U.S. government sends in foreign aid to other countries an increase in imports MacBook ProQuestion 46 3 pts The government purchases multiplier equals the change in divided by the change in government purchases; equilibrium real GDP government purchases; consumption spending O equilibrium real GDP; government purchases consumption spending; government purchases D Question 47 3 pts In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to _ -_-_ and the supply of dollars to increase; increase decrease; increase increase; decrease decrease; decrease MacBook ProQuestion 36 3 pts Consumption spending will when disposable income decrease; increases change unpredictably; decreases increase; increases increase; decreases Question 37 3 pts Actual investment spending does not include spending on new houses. changes in inventories. spending on consumer durable goods. spending on new capital equipment.Question 38 3 pts If the GDP growth rate in the U.S. is faster relative to other countries' growth rates of GDP, you will see which of the following? a movement up along a stationary aggregate demand curve O a shift of the aggregate demand curve to the left O a shift of the aggregate demand curve to the right O a movement down along a stationary aggregate demand curve Question 39 3 pts Suppose all employees in a country expect inflation to fall from 5% to 3% next year. As a result, our aggregate demand-aggregate supply model would indicate O a shift of the short-run aggregate supply curve to the right. a shift of the short-run aggregate supply curve to the left. a movement of the economy up along a stationary short-run aggregate supply curve. a movement of the economy down along a stationary short-run aggregate supply curve.Question 50 3 pts If foreign holdings of U.S. dollars increase, holding all else constant the balance on the U.S. current account will increase. the U.S. balance of trade will increase. the balance on the U.S. financial account will increase. O. the balance on the U.S. capital account will increase. MacBook Pro A * O OO R M T Y U 0 YQuestion 34 3 p A country's standard of living is best measured by GDP per unit of capital. O GDP per capita. O GDP per labor hour. O total nominal GDP Question 35 3 pts Which of the following would be considered objects in endogenous growth theory? a new process for canning green beans None of the options available would be considered objects in endogenous growth theory. a manager's plan to reorganize the workflow in a factory an employee's knowledge of the production process an additional machine for canning green beansQuestion 44 3 pts Which of the following new tool of monetary policy ends up being the floor (minimum) of the federal funds rate range? Interest rate paid on reserves Interest rate paid on discount loans (the discount rate) Interest rate on reverse repurchasing agreements D Question 45 3 pts The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of O discretionary monetary policy. automatic monetary policy. automatic stabilizers. discretionary fiscal policy. MacBook Pro