Government debt increases the interest rate and private investment
Indicate whether the statement is true or false
False. The interest rate does increase; however, this causes the level of private investment to decrease.
Economics
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A nonlinear function
A) makes little sense, because variables in the real world are related linearly. B) can be adequately described by a straight line between the dependent variable and one of the explanatory variables. C) is a concept that only applies to the case of a single or two explanatory variables since you cannot draw a line in four dimensions. D) is a function with a slope that is not constant.
Economics
The lion's share of purchases and transactions in the U.S. economy are made with coins and paper money
a. True b. False Indicate whether the statement is true or false
Economics