Did the large U.S. budget deficits in the 1980s "crowd out" investment as some economists had predicted?
a. Yes, investment dropped as predicted.
b. Yes, although investment did not fall nearly as much as some had feared.
c. No, investment was not crowded out, but net exports dropped.
d. No, no crowding out at all occurred.
c
Economics
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If the price elasticity of demand is -0.8 and the firm increases price, revenue will
a. Increase b. Decrease c. Stay constant d. become zero, they would lose all their customers
Economics
The main disadvantage of using money as a store of value is that:
A. other assets pay relatively higher rates of interest than money. B. other assets provide greater anonymity than cash. C. barter is a more efficient way to conduct transactions than using money. D. unlike other assets, money serves as a medium of exchange.
Economics