Capital flight shifts the demand for loanable funds to the left
a. True
b. False
Indicate whether the statement is true or false
False
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Keynesian policy suggests that if inflationary rises in the price level are a concern, the response would be contractionary fiscal policy, using tax increases or government spending cuts to shift AD to the left. What would the result be in this scenario?
a. The result would be downward pressure on the price level, very little reduction in output but a large rise in unemployment. b. The result would be downward pressure on the price level, but very little reduction in output or very little rise in unemployment. c. The result would be downward pressure on the price level, a large reduction in output but very little rise in unemployment. d. The result would be downward pressure on the price level, but a large reduction in output and a large rise in unemployment.
Recall the Application about growth in China and India to answer the following question(s). From 1978 to 2004, China grew at a rate of 9.3 percent per year and India grew at a rate of 5.4 percent per year.According to this Application, China's GNP per capita and India's GDP per capita are ________ U.S. GNP per capita.
A. now greater than B. still significantly less than C. now equal to D. within 5 percentage points of
Refer to the above table. What does the marginal revenue product equal when 28 workers are hired a week?
A. $1040 B. $7.50 C. $210 D. $900
When you use money to fill your car with gas every week, you are using money as a unit of account.
Answer the following statement true (T) or false (F)