In the circular-flow diagram, firms produce goods and services using the factors of production
a. True
b. False
Indicate whether the statement is true or false
True
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What are the major factors affecting the long-term growth of the economy's output?
What will be an ideal response?
When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else held constant
A) falls; right; rises B) rises; right; falls C) falls; left; rises D) rises; right; rises
Some economists claim that investment and economic growth are dependent upon income inequality
Indicate whether the statement is true or false
The capital account balance is equal to the negative of
A. Trade balance + unilateral transfers + net investment income. B. Unilateral transfers + exports + imports. C. Current account balance + exports + unilateral transfers. D. Trade balance + current account balance + services balance.