What role does ideology play in the debate on stabilization?
a. A large role, because there are conservative and liberal economists.
b. A primary role, because there are no economic aspects to the debate at all.
c. A minor role, because economists are fairly uniform in their political views.
d. No role at all, because this is purely a technical question.
a
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Which of the following would be included in Germany's GNP?
A) the production of BMWs (made by a German-based company) in South Carolina B) the production of Michelin tires made in Germany by a French company and then sold directly to French consumers C) the production of BMWs in Germany D) the production of Michelin tires made in France by a French company and then sold to BMW in Germany for use in BMW cars E) Answers A and C are correct.
Suppose that the required reserve ratio is 20 percent and you deposit $50,000 of currency into Comerica Bank
What is the potential increase in deposits in the banking system brought about by your deposit? What is the potential change in the money supply?
If changes in inflation are higher than expected,
A) the long-run Phillips curve will be negatively sloped. B) the short-run Phillips curve will be positively sloped, but not vertical. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will be negatively sloped.
Which country has had a higher growth rate than the U.S. over about the last 120 years?
a. India b. Mexico c. United Kingdom d. Pakistan