An increase in the real value of assets is associated with a reduction in planned aggregate expenditures
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Pick the true statement from your textbook:
A) Land has a cost. B) Fruit has a cost. C) Fertilizer has a cost. D) Only actions can have costs.
If you deposit a $50 check in the bank, the immediate impact on your bank's balance sheet will be a
A) $50 increase in reserves and a $50 increase in checkable deposits. B) $50 decrease in reserves and a $50 increase in checkable deposits. C) $50 increase in reserves and a $50 decrease in checkable deposits. D) $50 decrease in liabilities and a $50 increase in checkable deposits.
The market labor supply curve is usually __________ over the relevant range of market wage rates
a. positively sloped b. negatively sloped c. backward bending d. vertical e. horizontal
If profit-seeking entrepreneurs are going to be successful, they must
a. produce a product that the consumers value more than the resources required for its production. b. produce the product more cheaply than their rivals regardless of quality. c. maximize the salaries of high-level management so they will be able to attract people who will work hard. d. charge a higher price than their competitors so they can make economic profits in the long run.