Other things the same, a decrease in the price level causes real wealth to
a. fall, interest rates to fall, and the dollar to appreciate.
b. fall, interest rates to rise, and the dollar to depreciate.
c. rise, interest rates to rise, and the dollar to appreciate.
d. rise, interest rates to fall, and the dollar to depreciate.
d
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Who would benefit the most from getting rid of restrictions like patents to enter markets?
A. Producers B. Government C. Consumers D. All of the above would benefit equally
Which statement is false?
A. Foreigners have reinvested most of the dollars they have earned trading with us in U.S. government and corporate securities, real estate, and direct investment in plant and equipment. B. Until the early 1980s Americans were investing much more in foreign countries than foreigners were in the United States. C. Our capital and current accounts add up to zero. D. None of these statements are false.
If the equation for the ________ is looked on as a demand-for-money equation, then the demand for money depends on nominal income but not the interest rate.
A. real business cycle theory B. unanticipated inflation rate C. quantity theory of money D. Keynesian income-expenditure model
Modern economic growth
A. Started occurring since the time of the Roman Empire B. Has been experienced by all countries around the world C. Refers to the phenomenon when a country's total output rises D. Makes a country's output per person rise at a compounded rate