Spending on consumer durables decreases as the interest rate increases
Indicate whether the statement is true or false
TRUE
Economics
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The convergence criteria included that a country:
A) should maintain a deficit of 6% of GDP. B) can have a debt level equal to 80% of GDP. C) can have a debt level equal to 60% of GDP. D) should maintain a deficit lower than 1% of GDP.
Economics
If your nominal income in 2014 was $50,000, and prices doubled between 2014 and 2017, to have the same real income, your nominal income in 2017 must be
A) $50,000. B) $75,000. C) $90,000. D) $100,000.
Economics