You are an economic advisor to the president. you observe an increase in exports. assume the economy was operating at the full-employment level of real gdp prior to the increase in exports. describe the state of the economy and advise the president on the appropriate policy action by completing the following sentences. a. the increase in exports will lead to in net exports and in turn in aggregate demand. as a result, real gdp will . b. the problem that this event will cause is . c. appropriate policy actions would include taxes and/or government purchases. d. these actions will smooth out the business cycle by actual real gdp back toward full-employment gdp.

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

How many months does the federal budget usually take to prepare