When the general price level in our economy increases, the following effects occur except:
A. The purchasing power of people's savings will increase
B. The interest rate will also tend to increase
C. Foreign buyers will buy less of our output, and we tend to import more
D. Our net exports will tend to decrease
A. The purchasing power of people's savings will increase
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Which of the following is not a problem with a public good?
a. An incentive to free-ride b. A public good is often underconsumed c. An absence of private property rights d. An inability to limit consumption to those who purchase the good e. A public good is usually underproduced
According to Nobel Prize winning economist Joseph Stiglitz
A. over the years the IMF has markedly changed. B. the IMF was founded on the belief that markets often worked badly. C. the IMF now champions the free market as the best way to run an economy. D. All of the choices are true.