Which of the following is most important if a country wants to move from a low-income to a high-income status?
a. high rates of monetary growth.
b. sustained economic growth.
c. high real interest rates.
d. high nominal interest rates.
B
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If investment spending increases by $1 million, then the aggregate demand curve shifts
A) rightward by less than $1 million. B) leftward by more than $1 million. C) rightward by more than $1 million. D) rightward by $1 million. E) leftward by less than $1 million.
Speculators profit by taking risks, while the actions of arbitrageurs involve no risk
a. True b. False
Given the following hypothetical data where C = $3,000; I = $1,200; G = $2,000; X ? M = ?$500; depreciation = $200; transfer payments = $800, net domestic product is _____
a. $5,500 b. $5,700 c. $6,200 d. $6,400 e. $6,900
An optimal purchase is one that maximizes total utility
a. True b. False Indicate whether the statement is true or false