U.S. dollars can currently be exchanged for gold by foreign central banks, but not by U.S. citizens
Indicate whether the statement is true or false
FALSE
Economics
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Suppose the following situation exists for an economy: Kt+1/N = Kt/N. Given this information, we know that
A) saving per worker equals depreciation per worker in period t. B) saving per worker is less than depreciation per worker in period t. C) saving per worker is greater than depreciation per worker in period t. D) the saving rate fell in period t. E) steady state consumption is equal to the golden rule level of steady state consumption.
Economics
The addition of imports reduces the value of the multiplier.
Answer the following statement true (T) or false (F)
Economics