If there is moderate growth, we have a zero-sum economy.
Answer the following statement true (T) or false (F)
False
If there is no growth, we have a zero-sum economy.
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If the Ricardo-Barro effect is present, a government budget deficit raises the equilibrium real interest rate by ________ and decreases the equilibrium quantity of investment by ________ than if the Ricardo-Barro effect is absent
A) more; more B) more; less C) less; more D) less; less
What is the consensus among economists and other monetary policy experts regarding the usefulness of the monetary policy instruments available to central banks in normal times?
What will be an ideal response?
The StolperSamuelson theorem suggests that, over time, free international trade should lead to:
a. equalization of real wages across the world. b. greater divergences in real wages across the world. c. equalization of prices across the world. d. greater divergences in prices across the world.
The present value of $100 in one year is $86.96 when the interest rate is 15%.
Answer the following statement true (T) or false (F)