Fiscal policy is most effective when capital is not mobile and the country has fixed exchange rates.
Answer the following statement true (T) or false (F)
False
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According to the information in Table 13.1, M2 is equal to
A) $840 billion. B) $1,062 billion. C) $1,692 billion. D) $1,862 billion.
Which of the following would increase gross private domestic investment in an economy?
A) an increase in the level of Apple's inventory B) an increase in the shares of Apple stock households own C) an increase in the number of workers Apple hires D) an increase in the number of highway construction projects the government is funding
The GDP deflator is designed to
a. adjust nominal GDP for changes in the unemployment rate. b. adjust nominal GDP so as to include the problem of externalities. c. adjust nominal GDP for changes in the price level. d. calculate changes in the price of food and other consumer goods.
If the demand curve is very elastic and the supply curve is very inelastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers
a. True b. False Indicate whether the statement is true or false