In the long run, according to Monetarists
a. the natural rates of output and employment depend on factor supplies.
b. the natural rates of output and employment depend on technology.
c. the influence of the money stock is mainly on the price level and other nominal variables.
d. All of the above
D
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Which of the following was not a major source of economic growth in the 1920s?
a. construction of residential housing b. production of consumer durables c. railroad construction d. automobile production
Economists place cartels among the least-desirable forms of market organization.
Answer the following statement true (T) or false (F)
If a developing country makes its currency fully convertible, it runs the risk of having too:
A. high levels of domestic saving and investment. B. much domestic saving and not enough domestic investment. C. low levels of domestic saving and investment. D. little foreign investment.
Excess supply in an unregulated market will cause the price of a product to fall.
Answer the following statement true (T) or false (F)