The presence of government corruption in some countries
A) slows their economic growth.
B) speeds their economic growth.
C) invalidates the new growth theory's predictions.
D) supports the classical growth theory's predictions.
E) invalidates the neoclassical growth theory's predictions.
A
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The quantity of real GDP demanded equals $16.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals
A) less than $16.4 trillion. B) $16.4 trillion. C) more than $16.4 trillion. D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.
The Glass-Steagall Act, before its repeal in 1999, prohibited commercial banks from
A) issuing equity to finance bank expansion. B) engaging in underwriting and dealing of corporate securities. C) selling new issues of government securities. D) purchasing any debt securities.