Saving exceeds domestic investment in Japan, which generates a financial account deficit in Japan's balance of payments
Indicate whether the statement is true or false
TRUE
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What is technological change?
What will be an ideal response?
In the context of a production function, the remote order takers in the fast food industry would be classified as:
A) a fixed input. B) a marginal input. C) a variable input. D) an inframarginal input.
OECD data for 1960 through 1999 indicates that a 10 percent increase in government expenditures as a percent of GDP
a. increases economic growth by about 5 percent. b. increases economic growth by about 2 percent. c. has no effect on economic growth. d. reduces economic growth by about 1 percent.
Suppose a country's output is below the policy makers' desired level of output and is experiencing a trade surplus. Assume that the policy makers' goals are to achieve the desired level of output (i.e., full employment output) and balanced trade. Given this information, what type of exchange rate and/or fiscal policy can be used to achieve simultaneously these two goals? Explain
What will be an ideal response?