If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years
a. True
b. False
Indicate whether the statement is true or false
False
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This president made the campaign promise: "Read my lips: no new taxes." ______________.
Fill in the blank(s) with the appropriate word(s).
Which of the following would most likely be defined as a final good?
A) a computer tablet B) wheat C) iron ore D) lumber
Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services. b. International interest and dividend earnings. c. International real estate transactions. d. Changes in a nation's money supply due to a new required reserve ratio. e. All of the above are included in the balance of payments.
To speed up the economy, the Fed typically uses __________ monetary policy; and to fight against the high rate of inflation, the Fed typically uses __________ monetary policy.
a. expansionary; expansionary b. expansionary; contractionary c. contractionary; contractionary d. contractionary; expansionary