A dummy variable is also called
A) an approximate variable.
B) a discrete variable.
C) a zero-sum variable.
D) an improper variable.
B
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If there is excess demand for money, then people will
a. deposit more money into interest-bearing accounts, and the interest rate will fall. b. deposit more money into interest-bearing accounts, and the interest rate will rise. c. withdraw money from interest-bearing accounts, and the interest rate will fall. d. withdraw money from interest-bearing accounts, and the interest rate will rise.
The larger is the reserve ratio, the:
A. smaller is the money multiplier, and the less money will be created in the economy. B. larger is the money multiplier, and the more money will be created in the economy. C. larger is the money multiplier, and the less money will be created in the economy. D. smaller is the money multiplier, and the more money will be created in the economy.
On the graph above, assuming that G = 0 and NX = 0, saving is above planned investment at point ________
A) A B) B C) G D) H E) none of the above
Assuming the economy is in a recession, Keynesian economists predict that lower wages will shift the short-run aggregate supply curve rightward
a. True b. False Indicate whether the statement is true or false