Foreign investment in the United States gives us
A. greater control over our economy.
B. less control over our economy.
C. neither greater control nor less control over our economy.
B. less control over our economy.
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The demand for money increases and the demand curve for money shifts rightward as a result of
A) an increase in real GDP. B) a decrease in the price level. C) a decrease in the nominal interest rate. D) an increase in the use of credit cards. E) a decrease in the real interest rate.
A firm is spending the profit-maximizing amount on product development when
A) people perceive the firm's product to be better than those of its competitors. B) the marginal cost of product development is equal to the marginal revenue from product development. C) the price of the good is higher than its marginal cost. D) the advertising costs are covered. E) the firm's total revenue exceeds its total costs.
Countercyclical discretionary fiscal policy calls for:
A. surpluses during both recessions and periods of demand-pull inflation.
B. deficits during recessions and surpluses during periods of demand-pull inflation.
C. deficits during both recessions and periods of demand-pull inflation.
D. surpluses during recessions and deficits during periods of demand-pull inflation.
The fair value of a good is not a subjective measure
Indicate whether the statement is true or false