All of the following items are included in the Gross Private Investment (I) category of America’s national income and product accounts EXCEPT:

Which of the following suggests that lower average prices make it more difficult to cover interest payments and other costs of doing business, causing firms to reduce production?

Which of the following are classified as external shocks to an economy?

  On the diagram of the stereotypical business cycle, the peak is represented by:

Suppose the University of Michigan’s Survey of Consumers reports a three consecutive month increase in measures of consumer confidence in the health of America’s economy. How will the US economy be impacted by this event?

Suppose that China, one of America’s largest trading partners, experiences a severe recession where millions of Chinese citizens lose their jobs. How will the US economy be impacted by this event?

  On the diagram of the stereotypical business cycle, the expansionary phase is represented by:

In mid-January of this year, Al Bundy lost his job as a salesman at a local shoe store. The Christmas shopping season had recently ended and most of the gift returns and exchanges had been processed. The owner of the shoe store told Al that his labor services were no longer needed. Which type of unemployment best describes Al’s situation?

Suppose the US dollar appreciates against foreign currencies. How will the US economy be impacted by this event?

  On the diagram of the stereotypical business cycle, the peak is represented by: