According to the new classical theory, anticipated policies do not affect the economy.
Answer the following statement true (T) or false (F)
True
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In the quantity theory of money, the quantity of money is assumed to
A) not influence the velocity of circulation. B) rise during recessions. C) fall during recessions. D) be constant.
You have decided that you are going to consume 600 calories of beer and snacks at a party Saturday night. A beer has 150 calories and a snack has 75 calories
a. Create a table that shows the various combinations of beer and snacks you can consume. To keep things simple, use only round numbers (e.g., you could choose 1 or 2 beers but not 1.5 beers). b. What is the opportunity cost of a beer?
A public good may be defined as any good or service that:
a. must be provided to citizens who are most able to benefit from it. b. must be distributed to all citizens in equal shares. c. excludes free riders. d. none of these.
Refer to the given data. The domestic opportunity cost of producing 1 ton of steel in Omega is:
A. ½ ton of wheat.
B. 2 tons of wheat.
C. 3 tons of wheat.
D. 5 tons of wheat.