Which of the following is the best example of a public good?
What will be an ideal response?
a regional flood control project
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The late Hugo Chavez, Venezuela's former president, proposed that the independence of the Venezuelan central bank be eliminated
Given the research on the relationship between central bank independence and inflation, we should expect this event to cause inflation to ________ and the real exchange rate to ________ between the two counties. (Assume the nominal exchange does not change, and that the United States is the domestic country). A) rise in Venezuela relative to the United States; fall B) rise in Venezuela relative to the United States; rise C) fall in Venezuela relative to the United States; fall D) fall in Venezuela relative to the United States; rise
_____ had the highest level of per capita real output in 2012
a. Canada b. The United States c. Italy d. France e. Germany
The long-run Phillips curve is vertical
a. True b. False
In the United States, the government does NOT play much of a role in
A. encouraging technological change. B. managing globalization. C. shaping financial markets. D. inspiring consumer preferences.