Without someone actually coming into the bank to demand a loan, there is no process of money creation
Indicate whether the statement is true or false
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In the United States, health care spending as a percentage of GDP has declined since 1965
Indicate whether the statement is true or false
Economic growth may be represented by a(n):
a. leftward shift of a production possibilities curve. b. outward shift of a production possibilities curve. c. movement along a production possibilities curve. d. production possibilities curve that remains fixed.
A monopolist is able to maximize its profits by: a. setting the price at the level that maximizes its per-unit profit
b. producing output where marginal revenue equals marginal cost and charging a price along the demand curve. c. producing output where marginal revenue equals marginal cost and setting price at the demand curve's highest point. d. producing output where price is equal to its marginal cost.
If the economy is self-regulating and current Real GDP is greater than Natural Real GDP, the economy is operating __________ the natural unemployment rate and wages will soon __________
A) below; fall. B) above; fall C) below; rise D) above; rise E) none of the above