The financial system does NOT influence
a. long-run economic growth.
b. saving and investment.
c. the amount of capital in the economy.
d. the amount of natural resources in the economy.
d
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When determining her accounting profit, an entrepreneur would include
A) her foregone wages. B) her foregone interest. C) her foregone rent. D) all of the above. E) none of the above.
The simple fiscal policy multiplier occurs in the IS-LM model when ________ interest responsiveness of money demand produces a ________ LM curve
A) zero, vertical B) zero, horizontal C) infinite, vertical D) infinite, horizontal
Why is it more difficult for the Fed to control the money supply today than it was fifty years ago?
What will be an ideal response?
Which of the following fiscal programs is least likely to increase aggregate demand?
What will be an ideal response?