Which of the following is correct?
a. In the national income accounts, investment and private saving refer to the same thing.
b. In a closed economy if national saving is greater than zero, then everyone must be saving.
c. The financial system channels funds from savers to borrowers.
d. People whose consumption exceeds their income are savers.
c
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Under fixed rates, which one of the following statements is the MOST accurate?
A) Monetary policy can affect only output. B) Monetary policy can affect only employment. C) Monetary policy can affect only international reserves. D) Monetary policy can not affect international reserves. E) Monetary policy can only affect money supply.
If prices rise within a country, then, other things equal, the value of a unit of domestic currency will:
a. rise in both the domestic and the foreign exchange markets. b. fall in both the domestic and the foreign exchange markets. c. rise in the domestic market and fall in the foreign exchange market. d. fall in the domestic market and rise in the foreign exchange market. e. fluctuate unpredictably in both domestic and foreign exchange markets.
According to the law of demand, a demand curve
A. Has a positive slope. B. Has a negative slope. C. Exceeds the economy's ability to produce. D. Is a horizontal or flat line.
What are the requirements to become a police officer? Do you believe they are reasonable?
What will be an ideal response?