Technology transfer comes only from nations importing new capital goods in the current account
Indicate whether the statement is true or false
FALSE
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Transfer payments refer to payments from the government to ________
A) other government agencies B) distribute state taxes collected by the government to individual states C) reimburse property taxes paid by states for government property leases D) certain individuals or groups
If the price level increases, the money demand curve will
a. shift leftward b. become steeper c. remain in the same position; however, there will be movement upward along the curve d. shift rightward e. remain in the same position; however, there will be movement downward along the curve
The first official statement of goals for macroeconomic performance in the United States came with the passage of the
A) Federal Reserve Act of 1913. B) Employment Act of 1946. C) Great Depression Act of 1933. D) Full Employment and Balanced Growth Act of 1978.
The aggregate demand shifts to the left if
A) the government increases spending. B) the Fed sells government bonds. C) the government decreases taxes. D) the Fed decreases the required reserve ratio.