The monetary stimulus post-September 11, 2001, achieved some desired effects within the year
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following goods is directly counted in GDP?
A) the pepperoni that Pizza Hut purchases for its pizzas B) the cheese that Pizza Hut purchases for its pizzas C) the large Pizza Hut pizza purchased by a family for dinner D) the boxes that Pizza Hut purchases to box its pizzas
Two important roles of government in the economy are to safeguard private property and enforce contracts
a. True b. False
Discuss the opposing points of view on U.S. trade deficit.
What will be an ideal response?
A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. The foreign economy has desired national saving of = 1300 + 1000rw, and desired national investment of
= 1800 - 500rw. In equilibrium, the foreign country has net exports equal to
A. 500. B. 350. C. -500. D. -350.