Related to the Economics in Practice on p. 476: The paradox of thrift is that all people deciding to save more could lead to them saving less.
Answer the following statement true (T) or false (F)
True
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Inside lags are
A) longer for fiscal policy than for monetary policy. B) the same for fiscal policy and monetary policy. C) more variable for monetary policy than for fiscal policy. D) longer for monetary policy than for fiscal policy.
The federal funds rate is
A. the interest rate on bonds issued by the federal government. B. the interest rate paid on reserves held with the Fed. C. the interest rate at which banks can borrow excess reserves from other banks. D. none of these.
In which instances will total revenues decline?
A. Price rises and Ed equals .41 B. Price rises and demand is of unit elasticity C. Price falls and demand is elastic D. Price rises and Ed equals 2.47
The real exchange rate is
A) the price of one currency in terms of another. B) the price of domestic goods relative to foreign goods. C) the quantity of gold that can be purchased by one unit of currency. D) the difference in interest rates between two countries.