Reaction lag is the term used to express the fact that some time passes before changes in the money supply are properly translated into changes in real GDP
a. True
b. False
Indicate whether the statement is true or false
False
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What is the role of the IMF for debtor nations experiencing repayment problems? The IMF has been criticized for imposing conditions that restrict economic growth and lower living standards in borrowing countries
Do you support this view? Why or why not? Briefly explain.
When consumption of a good creates positive externalities,
a. the private demand curve shifts rightward b. the private demand curve shifts leftward c. the private demand curve is below the marginal social benefit curve d. the private demand curve is above the marginal social benefit curve e. the equilibrium quantity determined by the free private market is too high
In the U.S. balance of payments, purchases of foreign assets by U.S. residents are tabulated as a:
a. unilateral transfer. b. capital outflow. c. current account outflow. d. capital inflow.
A major complaint of DVCs about foreign aid from IACs is that it:
A. Is allocated just to the poorest nations B. Is equally borne by the donor nations C. Needs to be quantitatively larger for DVCs D. Takes too long a time to reach DVCs