If the value of an economy's imports exceeds the value of that economy's exports, then net exports is a negative number
a. True
b. False
Indicate whether the statement is true or false
True
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For a lender in a (c,c') graph, the optimal consumption bundle is
A) to the left of the endowment point. B) to the right of the endowment point. C) on the endowment point. D) dependent on other factors.
If the U.S. government retires the national debt, then
A) a shift in the demand of loanable funds will cause interest rates to rise. B) a shift in the demand of loanable funds will cause interest rates to fall. C) a shift in the supply for loanable funds will cause interest rates to rise. D) a shift in the supply for loanable funds will cause interest rates to fall. E) there will be an excess supply for loanable funds.
The expansion path shows the lowest cost combinations of inputs for producing different levels of output
Indicate whether the statement is true or false
Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term:
A. In an effort to isolate the Fed from political pressures. B. So that Fed decisions will be based on political considerations. C. To give Congress better control over the money supply. D. In an effort to make the Fed responsive to voters.