All used goods are considered nondurable goods.
Answer the following statement true (T) or false (F)
False
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In Figure 3-7 above, the marginal propensity to save is
A) 1. B) 5. C) 0.5. D) 0.2.
Which of the following is closest to the future value of a $100 deposit earning 5 percent interest annually after 5 years?
A. $1,268 B. $128 C. $105 D. $125
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.
Referring to Figure 19.2, the effect of a decrease in U.S. interest rates is represented by a movement from point
A) b to c. B) c to d. C) d to a. D) c to b.