The historical record indicates that foreign aid has
a. played a major role in helping formerly poor countries grow rapidly and achieve high income levels.
b. re-enforced corrupt governments and policies that stifle productive activities.
c. helped poor countries escape counterproductive policies imposed by authoritarian political leaders.
d. promoted economic growth, but slowed the movement toward political democracy.
B
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If the Fed increases the quantity of money, then
A) aggregate demand increases and the AD curve shifts rightward. B) the quantity of real GDP demanded decreases and there is a movement up along the AD curve. C) both the aggregate demand curve and the aggregate supply curve shift leftward. D) aggregate demand decreases and the AD curve shifts leftward. E) the quantity of real GDP demanded increases and there is a movement down along the AD curve.
Refer to Figure 4.5. If all 10 students choose Dash, each student will earn ________ extra points
A) 0 B) 2 C) 4 D) 6
Unemployment caused by the fluctuation of the business cycle is called ________ unemployment
A) structural B) recession-related C) frictional D) cyclical
To determine an appropriate congestion tax, an economist has to assume that people respond to incentives.
Answer the following statement true (T) or false (F)