Which U.S. president said, "Give me a one-handed economist. All my economists say ‘On the one hand, and then on the other hand.'"?
A) Barack Obama
B) Bill Clinton
C) Ronald Reagan
D) Dwight D. Eisenhower
E) Harry S. Truman
E
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Explain the meaning of the term dead capital, and discuss why its existence retards economic growth
What will be an ideal response?
On January 12, 2011, one U.S. dollar was worth 0.78 euros. How many U.S. dollars did it take to buy one euro?
a. 0.78 b. 1.28 c. 1.43 d. 1.70
Ceteris paribus, which of the following will occur if the Fed buys bonds through open-market operations?
A. The aggregate supply curve should shift leftward. B. The aggregate supply curve should shift rightward. C. The aggregate demand curve should shift leftward. D. The aggregate demand curve should shift rightward.
Suppose that a country has $120 billion of national saving, and $80 billion of domestic investment. Is this possible? Where did the other $40 billion of national savings go?