In the national income accounting system, saving refers to the accumulation of newly produced physical entities, such as factories, machinery, houses, and goods inventories
a. True
b. False
Indicate whether the statement is true or false
False
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When increased government spending results in decreased consumer or business spending, the government spending is said to be crowding out the consumer and business spending
Indicate whether the statement is true or false
Which of the following is considered a microeconomic issue?
A. The unemployment rate in the US from 1980-2014. B. Apple releases a new version of the iPhone. C. France’s growth rate in the last year. D. All of these are examples of microeconomic issues.
A best response function:
A. is also known as a strategic demand function. B. is upward-sloping if free riding occurs. C. shows the relationship between a player's choice and another player's best response. D. plots all of the Nash equilibriums in a game.
A budget surplus occurs when government receipts fall short of government spending
a. True b. False Indicate whether the statement is true or false