Supply-side economists emphasize the importance of saving to finance investment.
Answer the following statement true (T) or false (F)
True
Policies such as lower capital gains taxes allow more savings to flow to investment projects, resulting in a rightward shift of AS.
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The Department of Justice and the Federal Trade Commission enforce antitrust laws.
Answer the following statement true (T) or false (F)
In a typical month of expansion, the U.S. economy sheds about 3.8 million jobs but creates only 2.8 million new ones
Indicate whether the statement is true or false
Unemployment insurance benefits the macroeconomy by supporting purchasing power.
Answer the following statement true (T) or false (F)
The equation of exchange can be written as
A. velocity × nominal GDP = price index. B. real GDP × price index = money supply. C. money supply × price index = real GDP. D. money supply × velocity = nominal GDP.