Depression refers to the period of time when there is high economic growth, whereas recession refers to the period of time when annual economic growth is between 0 and 3 percent

Budget maximization by bureaus result in a smaller budget than that desire by the median voter

Indicate whether the statement is true or false

Other things the same, if the U.S. interest rate falls, then U.S. residents will want to purchase

a. more foreign assets, which increases the quantity of loanable funds demanded. b. fewer foreign assets, which decreases the quantity of loanable funds demanded. c. more foreign assets, which increase the quantity of loanable funds supplied. d. fewer foreign assets, which decreases the quantity of loanable funds supplied.