In the election of 1896, supporters of William McKinley included all of the following except:
a. advocates for the gold standard.
b. voters opposed to high tariffs.
c. industrial employers in the East.
d. Republicans.
b. voters opposed to high tariffs.
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A weaker peso, relative to the US dollar, causes the demand for US imports from Mexico to _____ and the demand for US exports to Mexico to_______
a. Increase; Decrease b. Decrease; Increase c. Increase; Increase d. Decrease; Decrease
If the required reserve ratio decreases, the:
a. money multiplier increases. b. money multiplier decreases. c. amount of excess reserves the bank has decreases. d. money multiplier stays the same. e. amount of excess reserves stays the same.
The diagram below shows the production possibilities frontier (PPF) for a country that produces guns (G) and butter (B). Most people in the country prefer guns, so in the absence of international trade, point A represents the combination of G and B that maximizes welfare. The slope of the PPF at point A is equal to -2. 
Over the long run, do you think this country would be better off by shifting its production towards guns or butter? Please identify the most efficient production point in the PPF with trade. What would be the ratio of the prices at that point?
What will be an ideal response?
Why will there be less crowding out of private spending by government spending the less sensitive consumption, investment, and net exports are to changes in interest rates?
What will be an ideal response?