Most economists believe the LM curve to be
A) horizontal most of the time.
B) upward-sloping.
C) vertical.
D) downward-sloping.
B
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The secondary NAAQS
a. are air quality emissions standards intended to protect public welfare b. are technology-based standards c. are established to protect public health d. control both criteria and hazardous pollutants
In the production function for new ideas and technology in ________, a decrease in the labor force will ________ the growth rate of technological change
A) the AK growth models; decrease B) the AK growth models; increase C) the two-sector growth model; decrease D) the two-sector growth model; increase
Refer to the above figure. A movement from point A to point B for a good is most likely a result of
A) an increase in the price of that good. B) a decrease in the price of that good. C) an expectation of an increase in the relative price of that good. D) an expectation of a decrease in the relative price of that good.
Which of the following is the situation in which a nation shifts its international trade from nations outside a regional trade bloc to nations within the bloc?
A) trade diversion B) trade deflection C) trade retention D) protectionism