The quantity of financial capital supplied at any given time must _______ the quantity of financial capital demanded for purposes of making investments; however, the makeup of these items will determine the national saving and investment identity.
a. reduce
b. exceed
c. equal
d. add to
c. equal
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Classical macroeconomic theorists believed that if the economy was in a slump, the government should ________.
A. increase spending B. maintain a balanced budget C. lower taxes D. print money
From 2009 to 2013, the price level in the U.S. has increased by 8.3 percent. This implies that the price index in 2012 was: a. 108.3. b. 183
c. 100. d. 98.3. e. 92.7.
Realism and liberalism hold very different theories about international law. Theorists who promote realism see international law as a way to
a. strengthen the foundation of global politics. b. promote power politics and self-interest. c. regulate relations in mutually beneficial ways. d. redress much of the injustice in the world.
If the costs of labor and capital increase in the same proportion, the isocost line will
A) stay the same. B) shift outward in a parallel fashion. C) rotate inward around the point where only capital is employed in production. D) shift inward in a parallel fashion.