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