When desired national saving equals desired national investment (in a closed economy), what market is in equilibrium?
A. The stock market
B. The foreign exchange market
C. The money market
D. The goods market
Answer: D
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________ believed that wages would resist falling during economic downturns.
A. Keynes B. Both Keynes and classical macroeconomic theorists C. Neither Keynes nor classical macroeconomic theorists D. Classical macroeconomic theorists
The quoted in the textbook study of consumer behavior at Starbucks company stores demonstrated that including calorie count on menus had no impact on consumer behavior
Indicate whether the statement is true or false
The failure of the Argentinean currency board can be attributed to many factors, including the:
A. prices of goods Argentine exported dropped significantly in the late 1990s hurting their economy. B. failure right from the start to lower inflation. C. pegging of the Argentine peso to the euro. D. pegging of the Argentine peso to the U.S. dollar, even though the countries' economies were not that highly integrated.
Trade adjustment assistance in the United States began in 1962. The program
A. was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports. B. provided little assistance to victims of free trade before the 1970s. C. was enlarged and worker benefits were extended in 1981 by the Reagan administration. D. All of the above are correct.