The investment spending function shows the relationship between investment spending levels and gross national product
a. True
b. False
Indicate whether the statement is true or false
False
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On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a ________
A) deficit of 125 fish B) surplus of 125 fish C) deficit of 225 fish D) surplus of 225 fish
If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry, then the increase can be blamed on: a. seasonal unemployment. b. cyclical unemployment
c. structural unemployment. d. frictional unemployment. e. underemployment.
If the elasticity of supply of a resource is greater than zero but less than infinity, its income will comprise of:
a. only economic rent. b. only transfer earnings. c. salaries and traveling allowances. d. both economic rent and transfer earnings. e. salaries, traveling allowances, as well as other incentives.
The recession of 2008-2009 was in many ways the worst macroeconomic event in more than half a century
a. True b. False Indicate whether the statement is true or false