If the price doesn't change, no matter how much output is produced, the total revenue curve is a(n)
a. upward-sloping straight line
b. downward-sloping straight line
c. horizontal straight line
d. U-shaped curve
e. hill-shaped curve
A
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A decline in interest rates tends to expand the economy by
A. encouraging private investment and decrease in bank lending. B. appreciating the currency and lowering the profitability criterion for investments. C. decreasing the cost of capital and reducing net exports. D. depreciating the currency and raising net exports.
Bonds sales to finance World War II (1941–45)
(a) helped finance the government's current budget deficits. (b) helped finance, manage and eventually pay down the private debts accumulated during World War I (1914–18). (c) were loans the U.S. government made to individuals in its private sector. (d) led to higher interest rates and decreased private spending and investment.
The double coincidence of wants is a much practiced transaction modem in the U.S. today
Indicate whether the statement is true or false
Recessionary gaps lead to falling inflation and falling unemployment.
Answer the following statement true (T) or false (F)