Political instability is a deterrent to long-term private investment
a. True
b. False
Indicate whether the statement is true or false
True
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If the market interest rate is 5% and a bank advertises loans at 12%, the bank will receive
A) no applications. B) applications from mostly low-risk borrowers. C) applications from mostly high-risk borrowers. D) a moral hazard.
A firm's marginal revenue is defined as:
a. the ratio of total revenue to total quantity produced. b. the additional output produced by lowering price. c. the additional revenue received due to technical innovation. d. the additional revenue received when selling one more unit of output.
In order to pass any fiscal policy measure we need a
A. two-thirds vote in both houses of Congress and the bill signed by the President. B. a majority vote in both houses of Congress and the bill signed by the President. C. a two-thirds vote in either house. D. a majority vote in either house.
According to the globalized AS/AD model, expansionary monetary policy shifts the AD curve to the right and:
A. shifts potential output to the right. B. has no effect on goods inflation. C. increases goods inflation. D. shifts potential output to the left.