Full-employment GDP is also known as
A) balanced-budget GDP. B) politico-economic GDP.
C) potential GDP. D) realized GDP.
C
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Foreign portfolio investment occurs when an individual or firm buys stock or bonds issued in another country
Indicate whether the statement is true or false
The money multiplier yielded by the deposit-creation formula assumes that
A. banks hold no excess reserves. B. banks hold excess reserves. C. recipients of loans take some of the proceeds in cash. D. recipients of loans do not redeposit their funds in other banks.
Which of the following would not shift a market labor supply curve to the right?
a. a decrease in the wage paid to workers in a competing market b. labor-augmenting technology c. a change in worker tastes so that workers want to retire later d. an increase in immigration
In a closed economy S = I, so in an open economy:
A. S = I ? NX. B. S + I = NX. C. S + NX = I. D. S = I + NX.