When the Fed conducts an open market sale, it leads to a higher level of investment and output in the economy
Indicate whether the statement is true or false
FALSE
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Which of the following is an example of an effort to decrease physical capital differences between an advanced and a developing economy?
A) American troops build roads in Afghanistan. B) Through World Vision, women and children in Africa receive education. C) Peace Corps volunteers teach English around the world. D) Creating Hope International trains women in Afghanistan to become tailors. E) Habitat for Humanity builds houses for low income families in the United States.
In a market economy, the use of resources is determined primarily by
a. needs of people. b. consumer demand. c. decisions of management. d. government regulation.
"Taylorism" has been described as
a. dehumanizing. b. the exploitation of labor. c. using science to increase production. d. All of the above are correct. e. Only b and c are correct.
If the price level should increase in the near term due to decreases in the short-run aggregate supply, the result would be
A. cost-push inflation. B. demand-pull inflation. C. cost-pull expansion. D. demand-pull recession.