The Keynesian-cross model suggests that increased saving increases the economy's output
a. True
b. False
Indicate whether the statement is true or false
False
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With unstable money demand and thus an unstable ________ curve, fluctuations in output are ________ by the fortuitous selection of ________ targeting
A) LM, minimized, money supply B) LM, eliminated, interest rate C) LM, minimized, interest rate D) IS, minimized, money supply E) IS, eliminated, interest rate
Ben N. Jerry prefers to keep his $10,000 retirement savings buried in the backyard. After an increase in the price level, Ben reduces the amount of goods and services he wants to purchase. Ben's rationalization, that now his retirement savings won't buy as much, is consistent with which explanation of the aggregate demand curve's negative slope?
a. the interest rate effect b. the open economy effect c. the inflation effect d. the wealth effect
Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
The United States has roughly how much of the world's arable land?
A. 12 percent. B. 10 percent. C. 14 percent. D. 8 percent.