In the high-growth Asian economies, inflation is kept under control and budget deficits and foreign debt levels are kept within the ability of the governments and the economies to handle them, which is quite different from the past experience of the Latin American region
Indicate whether the statement is true or false
TRUE
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When a government subsidy is granted to the buyers of a product, sellers can end up capturing some of the benefit because
a. the market price of the product will fall in response to the subsidy. b. the market price of the product will rise in response to the subsidy. c. the market price of the product will not change in response to the subsidy. d. producers will reduce the supply of the product.
What happens to the money multiplier when the reserve requirement increases from 20% to 25%?
a) It stays the same. b) It increases from 20 to 25. c) It decreases from 5 to 4. d) It falls to zero.
A downsloping demand curve can be derived for a normal product by increasing its price in the consumer-behavior model and noting:
A. The increase in the utility-maximizing quantity of that product demanded B. The decrease in the utility-maximizing quantity of that product demanded C. A substitution effect that encourages more consumption of that product D. An income effect that encourages more consumption of that product
The Lorenz curve shows what portion of total money income is accounted for by
A) different proportions of a country's households. B) only the wealthiest citizens. C) only poor people. D) taxpaying citizens only.