A country experiencing a debt or currency crisis would contact the World Bank
Indicate whether the statement is true or false
FALSE
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Which of the following is reflected in the gross domestic product (GDP)?
a. The value of leisure time b. The value of illegal goods and services c. The value of final goods produced by firms d. The cost of depletion of natural resources e. The value of house maintenance performed by homeowners
One of the costs not associated with predictable inflation is:
A. menu costs. B. shoe-leather costs. C. tax distortions. D. labor costs.
Which of the following explains why elected representatives will find borrowing to be an attractive method of financing current government programs?
a. the shortsightedness effect b. pork-barrel politics c. the invisible hand principle d. the public goods argument for government spending programs
According to classical economists, the relationship between the amount of funds households plan to save and the interest rate is
A) indirect. B) inverse. C) direct. D) independent.