The Group of Seven is an informal international institution that is comprised primarily of the:
A. major developing countries.
B. leading industrial democracies.
C. leading petroleum exporting countries.
D. leading socialist countries.
Answer: B
Economics
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If there is limited commitment and the government is no better at collecting on its debts than is the private sector, then
A) Ricardian equivalence holds. B) the private sector can benefit from a government loan program. C) Ricardian equivalence does not hold. D) the Fisher relation does not hold.
Economics
Which of the following, other things the same, would make the price level decrease and real GDP increase?
a. long-run aggregate supply shifts right b. long-run aggregate supply shifts left c. aggregate demand shifts right d. aggregate demand shifts left
Economics