There is multiple governments?
Who normally has to power to impose tariffs?
The Legislature.
Which countries signed the New START treaty?
The US and Russia.
How many American citizens were shot in Minnesota?
Two.
Enrique calls himself the econ master. He jumps up and starts shouting "I know what a tariff is!!" What is Enrique about to say?
Tax on imports
Warren loses his job and decides to stop buying furniture. He's broke and down on his luck. What happens to AD?
Shifts left
What state RECENTLY faced major ICE operations?
Minnesota.
Why did Prince Andrew lose his title?
He was believed to be connected with Epstein.
How long was the DHS stopgap funding?
Two weeks.
Daniel sits back in his chair, and confidently smirks in Mr. Hettinger's direction. He speaks: "I know of a country where the economy recently grew only .1% over two quarters and barely avoided a recession." Mr. Hettinger walks over and puts a hand on Daniel's shoulder and says, "I know, boy. It's ____." What did Mr. Hettinger say?
the UK
Caleb Vargas single-handedly slows down UK economic growth (don't ask how). How did US aggregate demand shift and why?
(must get both parts for the points)
Shift left -- US exports decrease
What are two demands that Democrats have for the DHS?
Body cameras and warrants.
Who agreed to extend the New START treaty?
Vladimir Putin.
Who leads the DHHS?
Samuel begins to dance. He chassés over the desk and pirouettes to the front of the class. Tanner, confused, naturally asks him what kind of income was reduced by higher prices caused by tariffs. Samuel raised a finger and boldly declared "______ ______." What did Samuel say?
Real income
Max decides he's an expert at econ and pushes Tanner off the front of the class to take over. However, as he begins speaking, he forgets something important. What can't Max remember about why a tax on imports lowers purchasing power?
Higher prices lead to less real income
What did the Supreme Court say about a case against California's redistricting?
Nothing. They declined to hear it.
Between which two was there an arms race?
The Soviets and Americans.
Why does Trump care about the actions of the DHHS?
To raise his approval ratings.
Noah proceeds to do a handstand. Confused, Mr. Hettinger tells him to stop because we're trying to listen to Tanner and Dmitri's presentation. Amelia gets up, says "No, Mr. Hettinger!" and begins to do a handstand too. Shortly, the entire class is doing handstands. Mr. Hettinger realizes that economists are using *this* economic indicator to see how a decreased buying of furniture affects the economy. What is *this*?
GDP
Sean Choi asks Andrew Pong how much the total tariff revenue increased year-to-date and Andrew said "i dunno like 1 million %". Sean Choi called him dumb and said "no, it's____%." What did Sean Choi say?
~300%
Why is racial gerrymandering unconstitutional?
It is against the Equal Protection Clause of the 14th Amendment.
When was the New START treaty signed (year)?
2010.
What does Trump and the DHHS team mainly hope to do?
Lower healthcare costs.
Considering (1) a 304% increase in US tariff revenue that reduces real income and consumption, (2) declining consumer purchases of durable goods like furniture that weaken GDP growth expectations, and (3) near-recession GDP growth of .1% in the UK, a major trading partner with the US that lowers foreign demand for US exports, identify the single aggregate macroeconomic effect on the United States in the short run, including the direction of change in real GDP and the price level.
Leftward shift of AD.
Lower real GDP.
Lower price level.
Angelina and Emma get into a fight. Angelina says that the government plays the biggest role in society and also spends the most money to pay for the president's salary. Emma, in a fit of rage, says that consumer spending is the biggest component of GDP and throws Angelina off her chair. What 2 ways is Angelina's statement incorrect?
1 - The government is not the biggest component of GDP.
2 - The government does not spend the most money on the president's salary.