A country has a current account deficit if it is saving more than it is investing domestically.
Answer the following statement true (T) or false (F)
False
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
When economists speak of "marginal", they mean
a. Opportunity b. Scarcity c. Incremental d. Unimportant
Indexing reduces the ability for relative price changes to allocate resources where they are more valuable
a. True b. False Indicate whether the statement is true or false
For any two goods, A and B, if MUA divided by PA equals 2.5 and MUB divided by PB equals 4.0, then with given income and prices the consumer should
A. buy more of good A and less of good B. B. buy more of good B and less of good A. C. stop because an equilibrium is achieved. D. buy all of good B and no A.