All else equal, if individuals save less because inflation lowers returns on savings, this should ________ the supply of loanable funds and ________ the capital stock
A) increase; raise
B) increase; reduce
C) decrease; raise
D) decrease; reduce
D
Economics
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In the Keynesian model, to understand the determination of income and employment it is necessary to understand
A) how aggregate supply is determined. B) how aggregate demand is determined. C) how long-run aggregate supply is determined. D) how interest rates are determined.
Economics
How can it be that the U.S. spends more on education than many other nations, and achieves far worse results? What may be the underlying reason?
Economics