Real GDP fluctuates from year to year but is always below potential GDP
Indicate whether the statement is true or false
FALSE
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Explain the changes that would cause the dynamic aggregate demand curve to shift.
What will be an ideal response?
According to liquidity preference theory, if there were a surplus of money, then
a. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. b. the interest rate would be above equilibrium and the quantity of money demanded would be too small for equilibrium. c. the interest rate would be below equilibrium and the quantity of money demanded would be too small for equilibrium. d. the interest rate would be below equilibrium and the quantity of money demanded would be too large for equilibrium.
Which of the following is not part of Hernando de Soto's The Other Path?
A. Improving infrastructure. B. Reducing taxes. C. Enforcing laws to safeguard private income. D. Encouraging the "underground" economy.
Answer the question on the basis of the following balance of payments data for the hypothetical nation of Econland. All figures are in billions of dollars.
(1) Goods exports +$220 (2) Goods imports -328 (3) Exports of services +54 (4) Imports of services -55 (5) Net investment income +18 (6) Net transfers -11 (7) Capital account -1 (8) Foreign purchases of Econland assets +124 (9) Econland purchases of foreign assets -21 Refer to the table above. Econland's balance on the current account shows a: A. Deficit of $91 billion B. Deficit of $102 billion C. Deficit of $109 billion D. Surplus of $109 billion