The World Bank has estimated that private saving changes by how much when government spending increases by $1?
a. Private saving increases by $0.30.
b. Private saving decreases by $0.30.
c. Private savings increases by $1.00.
d. Private savings decrease by $1.00.
a. Private saving increases by $0.30.
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It is more certain how expansionary monetary policy will affect the current account than how expansionary fiscal policy will affect it
Indicate whether the statement is true or false
The dollar return on a foreign investment is less than the interest rate on the foreign asset, if the foreign currency depreciates against the U.S. dollar between the purchase date and the maturity date
a. True b. False Indicate whether the statement is true or false
Which of the following describes a situation in which demand must be elastic?
a. Total revenue increases by 15 percent when the price of corndogs rises by 15 percent. b. Total revenue increases by less than 15 percent when the price of corndogs rises by 15 percent. c. Total revenue decreases by more than 15 percent when the price of corndogs rises by 15 percent. d. Total revenue increases by $15 when the price of corndogs rises by $15. e. Total revenue increases by more than $15 when the price of corndogs rises by $15.
Managed floats are only effective in the long run
a. True b. False