Which of the following must be true?
a. Savings must equal investment in an open economy.
b. Savings must equal investment in a closed economy.
c. Savings must equal consumption in an open economy.
d. Savings must equal consumption in a closed economy.
b
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The most important function of money is when money is used as a
A) medium of exchange. B) unit of accounting. C) standard of deferred payment. D) store of value.
If the law of increasing opportunity cost holds, can the production possibility frontier be a straight line?
What will be an ideal response?
What are the main sources of health insurance in the United States?
What will be an ideal response?
An expansionary monetary policy raises firms' cash flows by ________ interest rates
A) lowering real B) lowering nominal C) raising real D) raising nominal