The capital account records all international purchases and sales of stocks, bonds, real estate, businesses, and bank accounts
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would not shift the aggregate demand curve?
A. Income tax rates B. Real interest rates C. Productivity rates D. Foreign-exchange rates
When the percentage change in the quantity supplied is twice the percentage change in price, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic. E) perfectly elastic.
The distribution of income in the United States is
a. more concentrated than the distribution of income in other developed countries throughout the world b. significantly more even than the distribution of income in other developed countries throughout the world c. quite similar to the distribution of income in other developed countries throughout the world d. significantly less even than the distribution of income in most developing countries e. quite similar to the distribution of income in most developing countries
The contemporary consensus with regard to stabilization policy is that
A. fiscal policy is, for now, the “only game in town.” B. fiscal policy is more effective than monetary policy. C. monetary policy is, for now, the “only game in town.” D. monetary policy is slightly more effective than fiscal policy.