A technological advance in the production of digital video recorders will cause them to become less expensive.
Answer the following statement true (T) or false (F)
True
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The classical economists believed that if saving exceeded investment, the _____________.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
Most of the world's population lives in:
A. North America. B. the DVCs. C. Western Europe. D. the IACs.
You are the chairperson of the Board of Governors of the Federal Reserve. You believe in a Keynesian model of the economy, and your goal is to keep the economy at the full-employment level of output. How would you respond (tightening or easing policy) in each of the following cases?(a)Government purchases increase(b)Corporate tax rates increase(c)Expected inflation increases(d)There's a beneficial oil price shock (and the LM curve shifts more to the right than the FE line)
What will be an ideal response?