Developing countries with low saving rates and poor levels of health and education are likely to experience
A) low rates of growth in real GDP per capita. B) easy access to financial backing from banks.
C) rapid growth in household incomes. D) high levels of foreign direct investment.
A
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Who makes investment decisions in most modern industrial societies? Discuss the roles played by firms, households, and the capital market
What will be an ideal response?
Suppose the economy is initially operating at full employment. A fiscal policy action that results in an increase in the size of the budget deficit will cause which of the following in the long run?
A) an increase in real GDP. B) have no effect on both the level and composition of real GDP. C) a reduction in the price level. D) change the composition of real GDP.
Each of the following took place in the 1930s EXCEPT
A. the collapse of the entire international financial structure. B. a drought that became known as the Dust Bowl wiped out millions of farmers. C. all of the nation's banks were closed in the first week of March 1933. D. the fulfillment of the promise: "two cars in every garage" and "a chicken in every pot".
The first antitrust law in the United States was the
A) Glass-Steagall Act. B) Robinson-Patman Act. C) Clayton Act. D) Sherman Act.