The idea that a decrease in the price level raises the real value of households' money holdings, which increases consumer spending and the quantity of goods and services demanded is known as
a. the interest-rate effect.
b. the exchange-rate effect.
c. the theory of liquidity preference.
d. the wealth effect.
d
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Special economic zones in China have been
A) the same as export processing zones. B) centers of economic reform. C) controlled by state run enterprises. D) closed to foreigners. E) poor regions that are targeted for industrial development.
The policy of comparable worth has been more successful in the public sector than in the private sector
a. True b. False Indicate whether the statement is true or false
Which of the following macroeconomic models suggests that the economy is "unstable at times as a result of human intervention"?
The closer an income Lorenz curve is to the line of equality, the
A) slower income is growing. B) more equally income is distributed. C) less equally income is distributed. D) faster income is growing.