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“The United States has the world´s largest fiscal deficit in total US dollars.” Could anything be changed in this statement to correctly evaluate whether the United States has a fiscal deficit problem?
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Latin America is a major export market for the US. If, as a result of a slump in commodity prices, the real incomes in Latin American countries decline, what would be the impact on the IS curve of the US economy?
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Consider a train with three cars, moving to the right past Alice, who is on a train station platform. The front of the first car reaches Alice at time t = 0. In Alice’s frame of reference, which set of world lines represents the world lines of the three cars? (Let a world line represent the front of the car.)
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One advantage of ‘enlightened experimentation’ over ‘experimentation’ when developing a physical product is that:
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