Open economies grow slower than closed ones
Indicate whether the statement is true or false
FALSE
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The claim that inflation is necessary for development is based on the idea that
a. rapidly rising demand is necessary to spur productive activity b. the problems brought on by inflation will attract foreign aid c. the process of structural change naturally forces prices up in some sectors, while other sectors'prices do not fall d. higher prices will force people to work harder e. none of the above
How many times has the Fed has changed reserve requirements since 1993?
A) never B) about once a year C) only once D) only twice
A common unscrupulous financial practice of railroad promoters (and the basis of the Credit Mobilier scandal) involved
a. federal tax evasion. b. "insider" ownership of railroad construction companies. c. sales of worthless railroad bonds to unwitting buyers. d. insurance fraud.
In which market models are firm's demand curves different from their marginal revenue curves? a. monopoly, oligopoly, and perfect competition
b. monopoly, oligopoly, and monopolistic competition. c. monopoly and oligopoly only. d. monopoly only.