When the market demand increases in a perfect competition, the long-run result is a larger number of firms, a higher price, and a permanent economic profit for the firms
Indicate whether the statement is true or false
FALSE
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Several factors are important for achieving faster economic growth. Which of the following is one of those factors?
A) expansion of international trade B) increased government expenditure C) increased taxes on saving D) promotion of consumption expenditure
When a foreign investor buys a bond issued in the United States
A) the balance on the capital account increases. B) the balance on the current account increases. C) the balance of trade increases. D) the balance on the financial account increases.
Suppose that Federal Reserve policy leads to higher interest rates in the United States
How will this policy affect real GDP in the short run if the United States is a closed economy, and how will it affect real GDP in the short run if the United States is an open economy?
What are money market mutual funds?