If the economy of Gwondanaland is growing more rapidly than the economy of Japan, most likely
a. Japan has more current investment than Gwondanaland.
b. Japan has more government spending than Gwondanaland.
c. Japan spends more on capital goods than Gwondanaland.
d. Gwondanaland has lower current consumption than Japan.
e. Gwondanaland has lower current investment than Japan.
d
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The endogenous variable in the monetary policy curve is ________
A) the policy parameter, ? B) the real interest rate C) the autonomous component, D) the federal funds rate E) the inflation rate
When economic profits are negative, accounting profits could be:
A. positive. B. negative. C. zero. D. All of these are possible.
If the price of good X increases and this causes an increase in the demand for good Y, then goods X and Y are substitute goods
a. True b. False Indicate whether the statement is true or false
Measured as a share of the economy, government spending
a. has been between 10 and 15 percent of the U.S. economy since 1930. b. has been between 20 and 25 percent of the U.S. economy since 1930. c. rose from less than 10 percent in 1929 to over 35 percent in 2012. d. declined from more than 50 percent in 1929 to approximately 25 percent in 2012.