The public debt as a percent of GDP is lower in the United States than in many other industrial nations.
Answer the following statement true (T) or false (F)
True
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Bank customers perceive Internet-only banks as being
A) more secure than physical bank branches. B) a better method for the purchase of long-term savings products. C) better at keeping customer information private. D) prone to many more technical problems.
In an open economy, a shift down and to the left of the IS curve could have been caused by
A) a decline in the foreign real interest rate. B) an increase in the demand for domestic goods relative to foreign goods. C) an increase in foreign output. D) a decline in domestic output.
Nominal GDP is calculated by using
a. prices set in a base year. b. average prices in all major cities. c. current prices d. prices charged by initial producers.
The demand for which of the following commodities is likely to be most inelastic?
A. Cola drinks B. Beverages C. Soft drinks D. Pepsi Cola