References
References Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e Welcome to Economics! Bureau of Labor Statistics, U.S. Department of Labor. 2015. “The Employment Situation—February 2015.” Accessed March 27, 2015. http://www.bls.gov/news.release/pdf/empsit.pdf. Williamson, Lisa. “US Labor Market in […]
SESSION:21 Globalization and Protectionism
Answer Key
Session:21 Globalization and Protectionism Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. This is the opposite case of the Work It Out feature. A reduced tariff is like a decrease in the cost […]
SESSION:20 International Trade
Answer Key
Session:20 International Trade Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. False. Anything that leads to different levels of productivity between two economies can be a source of comparative advantage. For example, the […]
SESSION:19 Macroeconomic Policy Around the World
Answer Key
Session:19 Macroeconomic Policy Around the World Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. The answers are shown in the following two tables. Region GDP (in millions) East Asia $10,450,032 Latin America $5,339,390 […]
SESSION:18 The Impacts of Government Borrowing
Answer Key
Session:18 The Impacts of Government Borrowing Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. We use the national savings and investment identity to solve this question. In this case, the government has a […]
SESSION:17 Government Budgets and Fiscal Policy
Answer Key
Session:17 Government Budgets and Fiscal Policy Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. The government borrows funds by selling Treasury bonds, notes, and bills. 2. The funds can be used to pay […]
SESSION:16 Exchange Rates and International Capital Flows
Answer Key
Session:16 Exchange Rates and International Capital Flows Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. The British use the pound sterling, while Germans use the euro, so a British exporter will receive euros […]
SESSION:15 Monetary Policy and Bank Regulation
Answer Key
Session:15 Monetary Policy and Bank Regulation Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. Longer terms insulate the Board from political forces. Since the presidency can potentially change every four years, the Federal […]
SESSION:14 Money and Banking
Answer Key
Session:14 Money and Banking Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. As long as you remain within the walls of the casino, chips fit the definition of money; that is, they serve […]
SESSION:13 The Neoclassical Perspective
Answer Key
Session:13 The Neoclassical Perspective Answer Key Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e 1. No, this statement is false. It would be more accurate to say that rational expectations seek to predict the future as […]