A large and growing current account deficit can be an indicator of a potential crisis
Indicate whether the statement is true or false
TRUE
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The introduction of sweep accounts
A) was an open market purchase. B) was a failure. C) had no effect. D) caused a reduction in the demand for money.
A lower domestic price level raises aggregate expenditures and, therefore, shifts the aggregate demand curve to the right
a. True b. False Indicate whether the statement is true or false
Opportunity cost is subjective because of which of the following?
a. The calculating of opportunity cost takes information on time and other alternatives which vary from person to person. b. Use of time on a project is the same for each person. c. Alternatives are the similar for every person. d. Amount of time needed to complete a task is the same for every person.
Fiscal policy may not be effective because it takes time for policymakers to implement a policy change, known as the ________ lag.
A. recognition B. implementation C. impact D. legislative