The key characteristic of macroeconomics is the process of aggregation.
Answer the following statement true (T) or false (F)
True
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The World Bank has extended a loan to Country X to build a new toll road and counts on the repayment of the loan from the collected tolls
After the funds have been transferred to the country, the government decides to spend the money to build a new presidential palace. This is an example of A) adverse selection. B) hostile selection. C) government risk. D) moral hazard.
Which of the following is most likely to close a recessionary gap in the economy?
a. A decrease in the expenditure on infrastructure b. An increase in the income tax rate c. An increase in the rate of foreign exchange d. A decrease in money supply e. An increase in the compensation for government employees
Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; higher D) lower; lower
A share of stock in a corporation is
A. a legal claim to a lump-sum payment at a specified point of time in the future. B. a legal claim to a share of the company's future profits. C. a guarantee to a fixed amount of income from the corporation. D. a legal claim to a dividend, regardless of the corporation's ability to pay its interest payments.