Suppose that the U.S. undertakes a policy to increase its saving rate. This policy will likely
a. have no impact on the level of real GDP per person.
b. immediately and permanently decrease the level of real GDP per person.
c. immediately and permanently increase the level of real GDP person.
d. gradually raise the level of real GDP per person.
d
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The demand for real money balances ________
A) is downward sloping with respect to prices B) is downward sloping with respect to interest rates C) is downward sloping with respect to income D) all of the above E) none of the above
When faced with an economic loss, a competitive firm will shut down its operations in the short run
a. True b. False Indicate whether the statement is true or false
Ceteris paribus means:
A.) Leave the market alone. B.) Noninterference by the government. C.) Other things remaining equal. D.) Things are always changing.
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.