Which of the following is true?
A. To fight a depression, Keynes said that the government should spend money on carefully chosen projects.
B. According to Keynes, an equilibrium below full employment was a rare occurrence.
C. Keynes suggested that savers save and investors invest for different reasons.
D. Keynes believed the economy was basically stable.
C. Keynes suggested that savers save and investors invest for different reasons.
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If a price ceiling is not binding, then it will have no effect on the market
a. True b. False Indicate whether the statement is true or false
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
a. Per capita GDP increased less rapidly in China and India than in the high income industrial countries. b. Per capita GDP increased more rapidly in China and India than in the high income industrial countries. c. China grew more rapidly than the high income industrial countries, but India grew less rapidly. d. India grew more rapidly than the high income industrial countries, but China grew less.
Exhibit 23-1 Nation of Padia
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Exhibit 23-1 shows the production possibilities curve of the nation of Padia, an LDC. With foreign investment, which of the following changes that was not previously possible would become possible?
A. a move from V to III B. a move from IV to II C. a move from III to a point beyond the production possibilities curve D. a move from III to I
State and local government pensions tend to be
A. defined contribution programs. B. Ponzi schemes. C. defined benefit pension programs. D. Social Security.