Other things equal, in countries with higher levels of real GDP per person, life expectancy and literacy rates are higher than in countries with lower levels of real GDP per person
a. True
b. False
Indicate whether the statement is true or false
True
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When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded?
A) the financial account B) the capital account C) the foreign services account D) the current account
What is the difference between the corporate paper rate and the corporate bond rate?
A) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively short duration (up to 6 months). B) The corporate paper rate refers to interest rates paid on high-quality corporate bonds of relatively long duration (typically 20 years). C) The corporate bond rate refers to interest rates paid on long-term (typically 20 year) corporate bonds that may represent varying quality or risk. D) A and B are correct. E) A and C are correct.
Which of the following statements is false?
a. An upward-sloping supply curve graphically represents the law of supply. b. A vertical supply curve graphically represents the law of supply. c. If income rises and good X is a normal good, then the demand for good X will rise. d. If income falls and good Y is an inferior good, then the demand for good Y will rise
In the short run, a price increase in the goods and services market measured by the CPI will:
A. increase the purchasing power of money. B. improve producer profits and, thereby, induce suppliers to expand output. C. increase resource prices, lower profits, and lead to a decline in output. D. reduce the natural rate of unemployment.