The assumption of variable velocity translates to, in IS-LM analysis, __________ curves

The citizens of a country often refuse to pay voluntarily for defense spending because ________

A) national defense is a common pool resource B) nobody can be excluded from being defended by the state C) all citizens do not derive equal satisfaction from national defense D) national defense is rival in consumption

Other things the same, an increase in the real exchange rate raises U.S. net exports

a. True b. False Indicate whether the statement is true or false