The ________ states that the nominal interest rate equals the real interest rate plus the expected rate of inflation
A) Fisher equation
B) Keynesian equation
C) Monetarist equation
D) Marshall equation
A
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Under a fixed exchange rate regime, a country that depletes its international reserves in an attempt to keep its currency from ________ will be forced to ________ its currency
A) depreciating; revalue B) depreciating; devalue C) appreciating; revalue D) appreciating; devalue
The 2008 financial crisis peaked in September 2008, when Lehman Brothers declared bankruptcy
a. True b. False
According to Alfred Marshall, small firms produce a good more efficiently than a monopoly
Indicate whether the statement is true or false
Environmentalists worry that economic growth imposes costs on society. Among these costs are
a. pollution. b. crowding. c. waste disposal. d. All of the above are costs.