If we observe an economy in which desired saving has changed, but there has been no change in actual investment, we may infer that ________
A) net exports have changed
B) actual saving has changed
C) the domestic real interest rate has not changed
D) all of the above
E) none of the above
D
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In comparison to an employer in a competitive labor market, a monopsony employer pays a ________ wage rate and hires ________ workers
A) lower; fewer B) lower; more C) higher; more D) higher; fewer
A financial market where economic agents meet in one central location is known as ________
A) an over the counter market B) an exchange C) a bond market D) a money market
When investment occurs in developing nations
A) investors hope to gain significant returns on their investment and residents gain higher rates of economic growth. B) higher rates of economic growth are usually not achieved. C) significant levels of pollution usually occur. D) government politicians usually benefit from the illegal payments made to secure the investment.
Economic forecasting has proven no better than the flipping of coins
Indicate whether the statement is true or false