Which of the following countries experienced a decline in total output from 2000 to 2015?
A. China.
B. Canada.
C. Zimbabwe.
D. Burundi.
Answer: C
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In the figure above, suppose the economy is initially at point B. If people come to believe that the exchange rate will fall in the future, the supply of dollars ________ and the market moves to point such as ________
A) decreases; A B) decreases; E C) increases; D D) increases; C
Political stability is not a prerequisite to economic growth
Indicate whether the statement is true or false
The LM curve shows points of equilibrium in the money market and combinations of
A) inflation and unemployment. B) aggregate supply and aggregate demand. C) income and the interest rate. D) money supply and money demand.
Deflation
a. is bad for lenders b. is good for borrowers c. is high inflation d. alone could boost people's real incomes e. explains why personal bankruptcies decline