Which of the following is true of sub-Saharan Africa?
a. Sub-Saharan Africa has received very little foreign aid and as a result, the poverty rate in the region is high.
b. Sub-Saharan Africa has received more foreign aid than any other region and nonetheless the poverty rate in the region remains high.
c. The economic freedom rating of sub-Saharan African countries is high, but the poverty rate in the region is still the highest in the world.
d. the reduction in the poverty rate in sub-Saharan Africa has been faster than for other regions of the world during the past quarter of a century.
B
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The curve that shows alternative combinations of the price level and real income that result in equilibrium in both the real goods and the money markets is called the:
A) aggregate demand curve. B) short-run aggregate supply curve. C) long-run aggregate supply curve. D) none of the above.
Which of the following does not appear on the asset side of a bank's balance sheet?
a. Required reserves. b. Checkable deposits. c. Loans. d. Excess reserves.
Efficiency refers to whether a market outcome is fair, while equality refers to whether the maximum amount of output was produced from a given number of inputs
a. True b. False Indicate whether the statement is true or false
If in the market for money the money supply exceeds the quantity of money households and businesses want to hold, we would expect the interest rate to:
What will be an ideal response?