Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 27-10. In the graph above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could Congress and the president use to move the economy to point C?
A) buy Treasury bills B) increase income taxes C) increase government spending D) decrease the discount rate
Which of the following sentences about entrepreneurs stands true?
a. They tend to be risk-averse individuals. b. They are more frequently found in societies that support social conformity. c. They help achieve technological progress. d. They are more frequently found in the local population of the developing countries. e. They usually belong to the traditional elite class.
According to the text, Zambia faces decreasing living standards because
a. it is hoarding gold b. the kwacka is rising in value relative to the dollar c. it has a positive balance on its current account d. it has taken steps to reduce its international debt e. its debt service is relatively high
In the Keynesian model in the short run, the amount of employment is determined by the effective labor demand curve and the level of
A) prices. B) output. C) the real interest rate. D) the supply of labor.