A tripling of foreign aid would come close to curing global poverty
Indicate whether the statement is true or false
F
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Based on the figure below. An economy in short-run equilibrium at point A has a(n) ________ gap. The gap could be eliminated by the self-correcting mechanism of the economy and eventually achieve long-run equilibrium at point ________ or the central bank could intervene with monetary easing establishing the long-run equilibrium at point ________. 
A. recessionary; B; C B. expansionary; B; C C. expansionary; C; B D. recessionary; C; B
Suppose the market-clearing interest rate on loans is 12%, but law-makers impose an 8% interest rate ceiling. The new law will tend to
A) increase the supply of loans. B) decrease the supply of loans. C) increase the demand for loans. D) decrease the demand for loans. E) do none of the above.
Frictional unemployment will always exist since
A) some workers will always want to make a job transition. B) the capitalist system promotes unemployment. C) mismatches in skills will always exist. D) the U.S. economy will continue to shrink.
The money multiplier yielded by the deposit creation formula assumes that
a. banks hold no excess reserves. b. banks hold excess reserves. c. recipients of loans take some of the proceeds in cash. d. recipients of loans do not redeposit their funds in other banks.