What is increase?
If US prices rise, buyers of dollars will
What is demand less/decrease demand?
The most common reason to restrict imports
I pay the tariff!!
I am a model, and I'm almost the LRAS, but I have stricter rules
What is the PPF?
Don't look now, but the LRAS is higher than output...the gap has this name
If US prices rise, sellers of dollars will do this
What is supply more/increase supply?
Don't buy these, they are covered with lead paint would correspond to this justification
What is consumer protection?
Where I am relative to a closed Pe tells comparative advantage
What is world price?
I am not working and I am not looking for work. This is how I am classified
What is not in the labor force?
Government ramps up spending, and this is how the AS/AD model initially reacts
What is AD increase?
When the FED decreases the IORB, sellers of dollars are bound to take this action.
What is supply increase?
"You're new here, so I'm going to cut you a break", Biff said to Marty, or the trade advisor said to the company that wanted help under this reason for restricting trade.
What is infant-industry?
At LRAS, the unemployment rate is this
What is the GDP deflator?
Resource prices do affect me, but no one else
Calculate this if you want to know which currency to buy first when dabbling in currency arbitrage
What is the shadow price?
A quota walks into a bar and introduces himself as 50. This sets the least I can import at this amount.
What is zero?
What is free floating?
The initial effect of a decrease in wealth level in the market for loanable funds is this.
Recessionary gap or expansionary gap, output is headed here.
What is LRAS?
What is demand decrease and supply increase?
Our domestic closed price is $40. The world price is $20. The tariff is $30. In our country, we pay this price.
What is $40?
I am the assumption that makes this all possible...well, at least makes it all not a big mess of lines..
What is "all else equal"?
This is the component of GDP that covers purchasing government bonds
What is none of them?