The demand curve for the product of a monopolistic competitor is
A) downward sloping.
B) horizontal.
C) vertical.
D) unitary elastic.
A
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The fixed rate in a swap contract is
A) a certain short rate in the market when the contract is signed. B) a certain long rate in the market when the contract is signed. C) negotiated by the parties in the contract. D) the difference between stated long and short rates when the contract is signed.
Real income and money income are the same concept
Indicate whether the statement is true or false
New growth theory emphasizes the contribution of technology to growth more than Classical growth theory.
Answer the following statement true (T) or false (F)
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.