Government spending on transfer payments is included in government purchases when calculating GDP because it results in the production of new goods and services
Indicate whether the statement is true or false
FALSE
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The purpose of the International Monetary Fund is to resolve trade related disputes
Indicate whether the statement is true or false
If the supply of loanable funds shifts right, then the equilibrium
a. interest rate falls, so domestic residents will want to purchase more foreign assets. b. interest rate falls, so domestic residents will want to purchase fewer foreign assets. c. interest rate rises, so domestic residents will want to purchase more foreign assets. d. interest rate rises, so domestic residents will want to purchase fewer foreign assets.
Nations with a command economy are known for having many entrepreneurs.
a. true b. false
In the meetings of the Governing Council of the European Central Bank, formal votes are:
A. taken and released two years after the meetings. B. taken but not published for five years. C. taken and published immediately. D. not taken, since formal voting could get in the way of good policy.