Faster long-term growth can be achieved by discouraging saving and encouraging consumption
Indicate whether the statement is true or false
FALSE
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The majority of the value of production in the world economy is produced in
A) all of the developing economies taken together. B) all of Africa and the Middle East taken together. C) China and other Asian developing economies. D) all of the advanced economies taken together. E) all of the emerging market economies taken together.
A perfectly contestable market is one which a firm can enter and exit without losing its investment
a. True b. False Indicate whether the statement is true or false
Since 1960, total federal tax revenue as a share of total output was the highest in the year _____
a. 1965 b. 1970 c. 1998 d. 2003
One cost of a perfectly anticipated inflation is that it
A. increases menu costs. B. transfers wealth from lenders to borrowers. C. transfers wealth from borrowers to lenders. D. damages the role of prices as signals in the economy.