A major reason for the existence of inflationary and deflationary gaps is that
A. corporations do most of the nation’s saving.
B. saving and investing are done by people with no social conscience.
C. consumers do most of the nation’s saving.
D. saving and investing are done by different groups.
Answer: D
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The greater the risk of nonrepayment of a loan, other things being equal
A) the longer is the repayment term. B) the lower is the charged loan fees. C) the higher is the rate of interest. D) the smaller is the amount of collateral that is used.
What is typically used for cross country comparisons of GDP?
a. purchasing power parity (PPP) b. exchange rate c. GDP per capita d. GDP
Control of a scarce resource or input can serve as an entry barrier.
Answer the following statement true (T) or false (F)
Economic growth is measured by the percentage change in:
A. ?potential nominal GDP. B. ?structural unemployment. C. ?the rule of 72. D. ? potential real GDP (LRAS).?