A lack of infrastructure can limit a poor nation's economic growth.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The long-run Phillips curve indicates that
A) potential GDP can never be achieved. B) there is no way to control the inflation rate in the long run. C) any inflation rate is possible at the natural unemployment rate. D) any unemployment rate is possible at the natural inflation rate. E) there is a tradeoff between the inflation rate and the unemployment rate in the long-run.
The average cost curve shows the total cost divided by quantity produced for various levels of output.
Answer the following statement true (T) or false (F)
Figure 9.6In Figure 9.6 if price is P2, then the industry will:
A. expand. B. contract. C. stay the same size. D. cease to exist.
If the domestic interest rate decreases, with the foreign interest rate and the expected future spot rate remaining unchanged, the value of the domestic currency vis-à-vis the foreign currency is expected to
A. increase. B. converge to its purchasing power parity (PPP) value. C. decrease. D. remain unchanged.