Over extended periods of time, population growth
a. has no effect on the standard of living.
b. has uncertain effects on the standard of living.
c. clearly raises the standard of living.
d. clearly lowers the standard of living.
b
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The wealth effect refers to
A) the impact of household real wealth on consumption, savings, and the IS curve. B) the impact of household real wealth on money, prices, and the LM curve. C) the impact of household real wealth on short term and long term interest rates. D) the impact of household real wealth on aggregate supply curve.
The net national savings rate for the United States, compared with that of other industrial nations is
A. much higher. B. a little higher. C. lower.
With the internationalization of our economy, the Federal Reserve has had a much more difficult time conducting monetary policy because of _________________.
Fill in the blank(s) with the appropriate word(s).
During 2016, Tony's assets equal $300,000 and his net worth is $50,000. Tony's liabilities are
A. $50,000. B. $150,000. C. $200,000. D. $250,000.