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According to economic growth theories, countries can grow forever with increasing physical capital. Select one: O True O False Not If nominal wages rise faster
According to economic growth theories, countries can grow forever with increasing physical capital. Select one: O True O False Not If nominal wages rise faster than the price level, then real wages have risen and the purchasing power of income has fallen. Select one: O True O FalseWhen aggregate expenditure is more than GDP, households bought more new homes than they anticipated. Select one: O True O False Note The long-run adjustment to a supply shock results in the short-run aggregate supply curve shifting to the right. - --- -- Select one: O True O FalseWWWWW@ If households in the economy decide to take money out of demand deposit accounts and put this money into long-term savings accounts, this will decrease M1 and broad money will not change. Select one: Iii?! l The Reserve Bank of Australia engages in open market sale of securities when it wants to increase interest rates. Select one: Note: Government purchases and transfer payments are included in the measure of government expenditures. - -- - - --- Select one: O True False Net foreign investment is a measure of net capital outflows which is equal to capital inflows minus capital outflows in each period. - - Select one: O True O False
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