Capital goods are counted the same as consumer goods in the national product accounts
a. True
b. False
Indicate whether the statement is true or false
True
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There is an exchange rate between
A. every pair of currencies. B. the world’s major currencies but not between the currencies of less-developed countries. C. currencies on a fixed exchange rate system but not for those on a floating rate system. D. the currencies of the European Union but not for the nations outside the European Union.
Because of their effect on interest rates:
a. capital flows weaken monetary policy but strenghen fiscal policy b. capital flows strengthen monetary policy but weaken fiscal policy c. the initial effects of a fiscal expansion on aggregate demand are strengthened d. the initial effects of a monetary contraction are weakened
What are two main economic objections to the PPACA?
What will be an ideal response?
If the government has a spending flow that exceeds the revenues it collects, the government will run a ________ that year
A) surplus B) deficit C) debt D) debt and a deficit