The argument that ________ receives strong support from the innovative policy response to the recent financial crisis
A) rules can be too rigid
B) discretionary policies are vulnerable to the time-inconsistency problem
C) money is the sole source of fluctuations in aggregate demand
D) changes in policies can change the coefficients in macroeconometric models
A
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A car dealer sells you a car today in exchange for money in the future. This illustrates which function of money?
A) standard of deferred payment B) unit of account C) medium of exchange D) store of value
An effect of international trade is
A) the increase in the average price of goods as the cost of transportation has to be included. B) the transmission of ideas around the world. C) that only countries that have absolute advantage in producing a good can participate. D) that the United States has a trade surplus.
Within a country, a tariff mainly causes a redistribution of well-being between the domestic producers and the government.
Answer the following statement true (T) or false (F)
Describe the trends in total and per capita water use, energy consumption, and trash generation in the United States from 1950 to 2010. What do they indicate about resource use?
What will be an ideal response?