Developing countries place:
A. greater emphasis on growth and less emphasis on development than developed countries.
B. greater emphasis on both development and growth than developed countries.
C. less emphasis on both growth and development than developed countries.
D. greater emphasis on development and less emphasis on growth than developed countries.
Answer: B
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If velocity is equal to 4, this means that
A) the rate of growth of the money supply is 4. B) an increase in the money supply will lead to an increase in aggregate supply of 4. C) each dollar of the money supply is spent on the average 4 times per year. D) for every 4 dollars of the money supply, nominal GDP will increase by 4.
In the long run, does it matter whether a policy action was anticipated or not?
What will be an ideal response?
A decrease in AS will trigger less inflation under which of the following conditions?
A. AD is relatively steep. B. AD is relatively flat. C. AS is relatively steep. D. AS is relatively flat.
For which of the following nations does international trade account for the largest percentage of GDP?
a. Japan b. The Netherlands c. Germany d. Great Britain e. the United States