If price is below the equilibrium, there will be excess demand for the product.
Answer the following statement true (T) or false (F)
True
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Countries that borrow large amounts of money from foreign lenders prefer to:
A) hold an undervalued currency. B) hold an overvalued currency. C) have a high rate of unemployment. D) have a low rate of inflation. Suppose India borrows $10,000 from the U.S. at the beginning of 2012. The flexible exchange rate is 50 Indian rupees per dollar.
A contract under which a buyer agrees to make payments in exchange for the provider agreeing to pay some or all of the buyer's medical bills is referred to as
A) a fee-for-service plan. B) health insurance. C) the Affordable Care Act. D) a deductible.
A decrease in the price level will lead to
A) a decrease in the real interest rate and an increase in net exports. B) an increase in the real interest rate and an increase in net exports. C) a decrease in the real interest rate and a decrease in net exports. D) an increase in the real interest rate and a decrease in net exports.
Subtraction of ________ from Gross National Product yields Gross Domestic Product
A) net factor income B) depreciation C) factor income to the rest of the world D) net government income E) none of the above