International capital flows tend to strengthen the effects of interest rate changes on aggregate demand
a. True
b. False
Indicate whether the statement is true or false
True
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Consider the above figure. At income level Yd = $30, the APC is equal to
A) 0.05. B) 1.05. C) 1.25. D) 1.67.
If an increase of $5 billion in investment is associated with an increase of $25 billion in real Gross Domestic Product (GDP), the multiplier is
A) 1. B) 3. C) 5. D) 7.
If everyone had the same income, then the Lorenz curve would:
a. be the line of income equality. b. bow down below the line of income equality. c. be a parallel line lying below the line of income equality. d. bow up above the line of income equality. e. be a curve that intersects the line of income equality at its mid-point.
The deregulation of the airlines industry lead to which of the following?
a. Higher prices and more flyers b. Lower prices and fewer flyers c. Lower prices and more flyer d. Higher prices and fewer flyers