The Global South provides college educations to a large fraction of their populations.
Answer the following statement true (T) or false (F)
False
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The academic work of Ben Bernanke, recent Chairman of the Board of Governors of the Federal Reserve System, suggests that he is a firm advocate of ________
A) fixed exchange rates B) inflation targeting C) decreased central bank transparency D) nominal GDP targeting
Describe the relationship between investment and the level of disposable income
Exhibit 16-6 Money, investment and product markets
In Exhibit 16-6, if the interest rate falls from i1 to i2, then:
A. the quantity demanded of investment increases from I1 to I2 and investment spending shifts the aggregate demand curve from AD2 to AD1, decreasing the level of real GDP. B. the quantity demanded of investment increases from I1 to I2 and investment spending shifts the aggregate demand curve from AD1 to AD2, increasing the level of real GDP. C. the quantity demanded of investment decreases from I2 to I1 and investment spending shifts the aggregate demand curve from AD1 to AD2, decreasing the level of real GDP. D. the quantity demanded of investment decreases from I2 to I1 and investment spending shifts the aggregate demand curve from AD2 to AD1, increasing the level of real GDP.
An effective price floor results in a shortage.
Answer the following statement true (T) or false (F)