Which of the following is good evidence against the classical view of Say's law?
A) Investment does not always rise as interest rates fall.
B) Consumption falls by the amount that saving increases.
C) Exports are usually greater than imports.
D) People save more at higher interest rates than lower interest rates.
E) none of the above
A
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Refer to Table 9-3. Select the statement that accurately interprets the data in the table
A) Tina has a comparative advantage in making candles. B) Bryce has a comparative advantage in making candles and making soap. C) Bryce has a comparative advantage in making candles. D) Bryce has an absolute advantage in making soap.
The number of U.S. made products demanded in Europe ________ as the dollar-per-euro exchange rate ________ , other things constant, so more euros will be supplied on the foreign exchange market to buy dollars
a. increases; increases b. does not change; decreases c. decreases; increases d. does not change; increases
Former Fed Chairman Alan Greenspan has argued that low ___________ interest rates, not ______________ interest rates, were the cause of the housing boom in the late 1990s and early 2000s. He also argued that the Fed has more control over _______________ rates than over ____________ rates
A) long-term; short-term B) long-term; long-term C) short-term; short-term D) short-term; long-term
There has been a decrease in the demand for socks. This change can be shown graphically as a:
A. shift in the demand curve to the left. B. shift in the demand curve to the right. C. movement along the demand curve to the right. D. movement along the demand curve to the left.