A horizontal aggregate supply curve indicates that equilibrium real GDP is determined by aggregate supply.
- True
- False
Foreign aid usually consists of funds loaned at high interest rates.
- True
- False
All members of the Federal Board of Governors are appointed by the president and confirmed by the Senate.
- True
- False
An increase in deficit spending tends to raise interest rates, thereby resulting in a multiplier effect that is higher than what would be associated with an equivalent increase in consumption spending.
- True
- False
