The big-push approach to economic development requires little government intervention
Indicate whether the statement is true or false
F
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Use the following graph to answer the next question.
Suppose the economy is currently in equilibrium at the full-employment real GDP level of Q2.and price level of P2. If an event occurred in the economy that triggered demand-pull inflation, we would expect
A. the price level to move toward P3, and the output level to move toward Q3, B. the price level to move toward P3, and the output level to remain constant. C. the price level to move toward P1, and the output level to move toward Q1, D. the price level to move toward P1, and the output level to remain constant.
One of the economic costs of holding currency is that
A) it fulfills no transactions role. B) it fulfills no precautionary role. C) its real value always increases. D) it earns no interest income.
Refer to Figure 10.1. If Daisy contributes to the lighting, Luke should
A) contribute if Bo contributes. B) not contribute only if Bo does not contribute. C) contribute if Bo does not contribute. D) not contribute regardless of what Bo decides to do.
Which of the following is true about the combination of mops and brooms represented by point E in Figure 1.3 and using PP1?
A. Point E is attainable only if more resources become available or technological advances are made. B. Point E is attainable if this economy uses more of its available resources. C. Point E is unattainable if this economy becomes more efficient. D. Point E is efficient now.