Capital flight increases a country's interest rate. This increase in the interest rate makes net capital outflow lower than it would be had the interest rate stayed the same
a. True
b. False
Indicate whether the statement is true or false
True
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The Keynesian short-run aggregate supply curve
A) reflects the fact that real GDP is supply-determined. B) reflects the fact that real GDP does not vary with changes in aggregate demand. C) is vertical. D) is horizontal.
In the figure above, if the price falls from $8 to $7, demand is
A) elastic. B) inelastic. C) unit elastic. D) income elastic. E) perfectly elastic.
A firm in a perfectly competitive industry will expand output as long as: a. marginal revenue is less than average revenue. b. marginal cost is less than marginal revenue
c. marginal cost is less than average total cost. d. marginal revenue is less than average total cost.
Two policies to combat discrimination are affirmative action and right-to-work laws.
Answer the following statement true (T) or false (F)