A horizontal aggregate supply curve indicates that equilibrium real GDP is determined by aggregate supply. True False Foreign aid usually consists of…

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

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