The net effect of a devaluation on economic growth depends on the mix of capital and labor utilized in the nation's export industries
Indicate whether the statement is true or false
TRUE
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Supply-side economics stresses that high marginal tax rates
a. are the key to maintaining a balanced budget. b. are an effective short-run countercyclical tool to promote recovery from a recession. c. discourage people from working harder and using their resources productively. d. encourage people to work, supply resources, and use them more efficiently.
The United States is divided into ___ Federal Reserve districts
A. 14 B. 12 C. 8
Between which two points is consumer spending increasing?
a. A and B
b. B and C
c. C and D
d. D and E
Monetary policy is most effective in influencing aggregate demand
A. under a fixed exchange-rate system without sterilization. B. when there is low capital mobility. C. under a freely floating exchange-rate system. D. under a fixed exchange-rate system with sterilization.