In an open economy with strong international trade, increases in government spending are likely to have an overall "crowding out" effect
Indicate whether the statement is true or false
TRUE
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The total market demand for the wheat grown by U.S. farmers is
A) always equal to the total supply. B) completely or perfectly elastic. C) completely or perfectly inelastic. D) less than completely or perfectly elastic. E) unit elastic at the prevailing price.
Measuring the sensitivity of bank profits to changes in interest rates by multiplying the gap for several maturity subintervals times the change in the interest rate is called
A) basic gap analysis. B) the maturity bucket approach to gap analysis. C) the segmented maturity approach to gap analysis. D) the segmented maturity approach to interest-exposure analysis.
Which of the following would probably not result in acquiring human capital?
A. Taking an economics course. B. Learning how to make chicken parmigiana. C. Playing varsity soccer. D. Purchasing a new piece of machinery.
Microeconomics
What will be an ideal response?