Wealth is measured as
A. A flow only.
B. Neither a flow nor a stock.
C. Both a flow and a stock.
D. A stock only.
Answer: D
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If the Fed maintains an expansionary monetary policy, ________
A) the M2 measure of money decreases B) the real interest rate increases C) banks make less loans D) bank deposits increase
In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in
A) tastes and preferences. B) military capabilities. C) the size of their economies. D) relative abundance of factors of production. E) labor productivities.
Keynesians argue that the stabilizing effects of a fall in investment and the resulting decline in the price level assumed by the monetarists
A) will not happen because the price level will actually rise. B) will happen. C) is not likely to happen because the price level rarely ever falls. D) may or may not happen depending on what happens to interest rates.
Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True b. False Indicate whether the statement is true or false