Whenever spending changes, which of the following dampens the overall effect on GDP?
a. A change in the money supply.
b. A change in taxes.
c. A change in the interest rate.
d. A change in the public's expectations.
e. None of the above.
C
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The market demand curve in a perfectly competitive market is downward sloping
Indicate whether the statement is true or false
Poor countries often have difficulty investing in capital because
A. development assistance is designed to increase consumer goods. B. multinational corporations do not bring technological advances into poor countries. C. the population is living at subsistence level and cannot afford to save. D. they suffer from the cost disease of personal services.
When the euro ______ in value compared to the U.S. dollar this means that the U.S. dollar ______ in value compared to the euro.
a. increases; increases b. depreciates; appreciates c. appreciates; increases d. depreciates; depreciates
Calculate the APC.
