The invisible hand is mostly guided by:
A) costs of production.
B) quantity of goods and services sold.
C) market prices.
D) government intervention.
C
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Which school of thought believes that recessions are the result of inappropriate monetary policy?
A) only classical B) only Keynesian C) Monetarist D) both Keynesian and classical
Suppose the Fed increases the money supply. Which of the following is true?
A) At the original interest rate, the quantity of money demanded is less than the quantity of money supplied. B) At the original interest rate, the quantity of money demanded is equal to the quantity of money supplied. C) The interest rate must rise for the money market to clear. D) At the original interest rate, the quantity of money demanded is greater than the quantity of money supplied.
The Coase theorem suggests that taxes should be enacted to alleviate the effects of negative externalities
a. True b. False Indicate whether the statement is true or false
If the government purchases multiplier is 2.5 and government purchases increase by $10 billion but prices do not change, equilibrium expenditure...
What will be an ideal response?