If the Federal Reserve raises the real interest rate for any given inflation rate ________
A) investment spending would increase
B) it would lead to higher consumption spending and net exports
C) the aggregate demand curve would shift to the left
D) all of the above
E) none of the above
C
Economics
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The statement of assets and liabilities of an entity is referred to as:
A) the balance of payments. B) a balance sheet. C) an asset-liability sheet. D) a profit and loss statement.
Economics
If one is producing well within a production possibilities frontier, they are
A) using resources to the best of their ability. B) using resources at the lowest opportunity cost. C) using resources in an inefficient way. D) using resources in a way that maximizes their comparative advantage.
Economics