Many people who hold bonds
a. think they are poorer than they really are
b. end up oversaving because of the paradox of thrift
c. end up underconsuming
d. mistakenly view the bonds as their personal assets and as the government's liabilities
e. believe that the source of the interest they receive is the taxes they don't need to pay
D
Economics
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Comment on the following statement: "Isoquants must be downward sloping."
What will be an ideal response?
Economics
In Figure 4-6 above, with IS0 shifting to IS1 against the upward-sloping LM curve, at point 1
A) there is an excess demand for money. B) there is an excess supply of money. C) the demand for output exceeds Y1. D) the demand for output is below Y1.
Economics