The opportunity cost of holding money is the nominal interest rate
Indicate whether the statement is true or false
TRUE
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A college must decide if it wants to offer more evening and weekend classes. This decision involves answering the economic question of "for whom to produce."
Indicate whether the statement is true or false
Which of the following is NOT an expected consequence of balancing the federal government's budget?
A) increased private investment B) increased borrowing from foreigners C) reduced interest payment to foreigners D) B and C.
The direct effect of expansionary monetary policy is to:
A. reduce U.S. imports but increase the value of the dollar. B. increase both U.S. imports and the value of the dollar. C. reduce both U.S. imports and the value of the dollar. D. increase U.S. imports but reduce the value of the dollar.
A point outside the budget line is unaffordable to the consumer.
a. true b. false