If there is a great deal of violence and uncertainty in the country of Crazico, people will be less willing to invest in their own future or in the future of Crazico
a. True
b. False
A
You might also like to view...
Efficiency wages, above equilibrium minimum wage rates, and higher union wages are likely to
A) reduce the equilibrium real wage rate. B) decrease the natural unemployment rate. C) increase the equilibrium real wage rate. D) increase cyclical unemployment. E) increase the natural unemployment rate.
If aggregate demand falls short of current output, business firms will ________ production to ________ inventories
A) cut; keep from accumulating B) expand; keep from accumulating C) cut; build up D) expand; build up
The aggregate supply curve of an economy shows the relationship between the: a. price level and the total number of goods that consumers buy during a given period of time
b. goods that are not purchased during a given period and the wealth created during the given period of time. c. amount of investment spending and the market interest rate of an economy. d. price level and the quantity of all goods sellers are willing and able to provide during a given period of time.
Which of the following macroeconomic variables is not in the equation of exchange?
a. Real GDP. b. Real exchange rate. c. Velocity of money. d. Money supply. e. All of the above are part of the equation of exchange.