A development bank
(a) accepts deposits from the poor.
(b) makes loans for industry expansion.
(c) is an agency such as the World Bank.
(d) all of the above.
(e) none of the above.
B
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In international trade, one country's gain is another country's loss
a. True b. False Indicate whether the statement is true or false
Suppose a fall in stock prices makes people feel poorer. The decrease in wealth would induce people to
a. decrease consumption, shown as a movement to the left along a given aggregate-demand curve. b. increase consumption, shown as a movement to the right along a given aggregate-demand curve. c. decrease consumption, shown by shifting the aggregate-demand curve to the left. d. increase consumption, shown by shifting the aggregate-demand curve to the right.