Economic growth solves the problem of scarcity.
Answer the following statement true (T) or false (F)
False
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Changes in business activity are
A) referred to as business fluctuations. B) referred to as the ebb and flow of business. C) always undesirable. D) caused by the changing seasons every year.
Which of the following combinations would produce conflicting effects on the supply of money? a. The Fed pays a higher interest rate on bank reserves and increases the required reserve ratio
b. The Fed conducts an open market purchase of government securities and raises the discount rate. c. The Fed pays a lower interest rate on bank reserves and conducts an open market purchase of government securities. d. All of the above would produce conflicting effects on the supply of money
Which of the following could cause the supply curve of loanable funds to shift to the right?
a. increase in productivity b. increase in the rate of interest c. decrease in the rate of interest d. decrease in productivity e. expectation that future prices will decrease
The value of the productive capacity of the assets of an economy, measured by the goods and services it can produce both now and in the future rather than by the money prices of the assets, is called:
A. real wealth. B. gross private domestic investment. C. nominal wealth. D. net investment.