Government produces higher education in the form of state universities and community colleges and sells the higher education at below-market prices, even though there is a flourishing private market for the good
Indicate whether the statement is true or false
T
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John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending
A) the economy will benefit in the short run and benefit by an even greater amount in the long run. B) this will have a major negative impact on the economy in both the short run and in the long run. C) this may benefit the economy in the long run, but could be counterproductive in the short run. D) this may benefit the economy in the short run, but not in the long run.
The impact of the multiplier effect is to:
a. smooth out the up and down swings of the business cycle. b. promote price stability. c. magnify small changes in spending into much larger changes in real GDP. d. reduce the impact of an increase in investment on output and employment.
Stock in a German corporation can be purchased directly with currency from any other country
a. True b. False Indicate whether the statement is true or false
When a nation begins to import a good,
a. the domestic price of that good will fall b. domestic consumers are harmed c. the domestic price of that good will rise d. domestic producers benefit e. the quantity produced domestically will rise