An increase in the government's budget deficit means
a. public saving is greater than $0 and increasing.
b. public saving is greater than $0 and decreasing.
c. public saving is less than $0 and increasing.
d. public saving is less than $0 and decreasing.
d
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If an overvalued currency is allowed to float:
A) its quantity demanded in exchange for the other currency will decrease. B) its quantity supplied in exchange for the other currency will increase. C) its value will depreciate. D) its value will appreciate.
Goods whose income elasticity of demand is greater than zero are _____
a. inferior goods b. normal goods c. substitute goods d. superior goods e. public goods
An increase in the quantity of labor inputs always leads to economic growth
a. True b. False Indicate whether the statement is true or false
During which period in history were the largest number of nations using the gold standard as their payments system?
A) from 1870 to 1913 B) from the end of WWI to 1929 C) from 1929 to 1939 D) from 1945 to 1975