A bank in Checkland lends a sum of $100 billion to a business firm in Zoroland. Checkland makes a donation of $5 million to a charity in Zoroland. A retail giant in Zoroland opens a new facility in Checkland that is worth $100 billion
Total foreign direct investments in Checkland equal:
A) $100 billion. B) $205 billion. C) $200 billion. D) $105 billion.
A
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A marginal adjustment only refers to a minor change
a. True b. False
The time it takes for the Fed's purchase of government securities to ultimately change aggregate demand is called the _____
a. recognition lag b. implementation lag c. effectiveness lag d. decision-making lag e. self-correction lag
Which of the following is downward-sloping?
a. both the long-run Phillips curve and the long-run aggregate-supply curve b. neither the long-run Phillips curve nor the long-run aggregate-supply curve c. the long-run Phillips curve, but not the long-run aggregate-supply curve d. the short-run Phillips curve, but not the long-run aggregate-supply curve
(Consider This) A value-added tax (VAT):
A. is another name for a retail sales tax but is otherwise the same. B. is like a sales tax but is only imposed on the difference between a firm's sales and its purchases from other firms. C. is like an income tax but is only imposed on the difference between a person's income and his or her consumption. D. only applies to imported goods.