Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7
Refer to Table 23.7. Planned saving equals planned investment at an aggregate output level
A. of $1,000 billion.
B. of $800 billion.
C. of $600 billion.
D. that cannot be determined from this information.
Answer: A
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During a recession, cyclical unemployment ________ and real GDP ________
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases E) does not change; decreases
The number of firms in a perfectly competitive industry is not fixed in the long run.
Answer the following statement true (T) or false (F)
Developing countries have a high living standard because of high human and physical capital per worker
Indicate whether the statement is true or false
It should be possible to avoid intensifying crises when there are weak financial sectors if
A) banks pay closer attention to the maturity match between their debts and assets. B) governments do not run budget deficits. C) current account deficits are moderate. D) banks do not lend to unworthy creditors.