An increase in the production of capital goods and a reduction in the production of consumer goods would most likely lead to a faster rate of future economic growth
a. True
b. False
Indicate whether the statement is true or false
True
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The social and economic environment plays a secondary role when compared to the importance of land, labor, capital, and entrepreneurship
Indicate whether the statement is true or false
In deriving the aggregate demand curve from the aggregate expenditures model, we note that:
A. the real-balances effect is irrelevant to both models. B. a change in the price level will have no impact on the aggregate expenditures schedule. C. an increase (decrease) in the price level shifts the aggregate expenditures schedule upward (downward). D. an increase (decrease) in the price level shifts the aggregate expenditures schedule downward (upward).
Financial markets
A) channel funds indirectly between borrowers and lenders. B) channel funds directly from lenders to borrowers. C) act as go-betweens by holding a portfolio of assets and issuing claims based on that portfolio to savers. D) generally provide lenders with lower returns than do financial intermediaries.
Applying for a loan in five-person groups is an example of:
A. family and friends lending. B. party of five lending. C. group responsibility. D. trade-off.