The multinational agency that specializes in making loans to developing nations in an effort to promote long-term development and growth is the
A) World Trade Organization. B) International Monetary Fund.
C) World Bank. D) United Nations Development Program.
C
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The federal government budget deficits of the late 2000s were driven by:
a. foreign trade deficits. b. increases in government spending. c. declines in tax rates and tax revenue. d. excessive money growth. e. both b and c.
When some dollar amount is automatically corrected for inflation by law or contract, the amount is said to be indexed for inflation
a. True b. False Indicate whether the statement is true or false
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Who wrote the General Theory of Employment, Interest, and Money?
A. David Ricardo B. Adam Smith C. John Maynard Keynes D. Milton Friedman