If the rate of interest increases, the demand for loanable funds will decrease
Indicate whether the statement is true or false
F
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Economic growth is represented on the aggregate supply model by a
A) shift in the short-run aggregate supply curve to the left. B) shift in the long-run aggregate supply curve to the left. C) shift in the long-run aggregate supply curve to the right. D) shift in the short-run aggregate supply curve to the right.
The potential growth rate is sometimes also called the ________ of the economy.
A. stop point B. peak C. speed limit D. breaking point
If firms were forced to take into account the full social costs of production, then
A) output would decrease but pollution levels would probably remain at the same levels. B) output would be unaffected but pollution levels would come down. C) output and pollution levels would decrease. D) output could be increased and pollution levels would decrease.
What are the three balance of payments accounts? Briefly describe them. What is the relationship among the three?
What will be an ideal response?