What are the main lessons economists learned from the developing country crisis?
What will be an ideal response?
(1 ) Choosing the right exchange rate regime
(2 ) The central importance of sound banking system
(3 ) The proper sequence of reform measures
(4 ) The importance of contagion
Economics
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If aggregate planned expenditure is greater than GDP, then
A) the consumption function will shift downward to restore the equilibrium. B) a recession will result. C) inventory investment is larger than planned. D) production is too high. E) inventory investment is smaller than planned.
Economics
The national debt as a percentage of GDP has remained roughly constant since the end of World War II
a. True b. False Indicate whether the statement is true or false
Economics