Physical money includes coin and currency.
What will be an ideal response?
buys debt, same is landing money/it's increasing money
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In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Short-run equilibrium output in this economy equals:
A. 1,280. B. 1,000. C. 1,160. D. 1,440.
Which of the following is NOT true according to Say's law?
A) Producing goods and services generates the means and the willingness to purchase other goods and services. B) Desired expenditures will always be higher than actual expenditures. C) Supply creates its own demand. D) No overproduction is possible in a market economy in the long run.
Answer the following statements true (T) or false (F)
1. The economic gains from expanding international trade are measured in hundreds of billions of dollars. 2. Some environmentalists worry that large firms may evade environmental protection laws by moving their production to countries with loose or nonexistent pollution standards, trading a clean environment for jobs. 3. Protectionism in international trade saves jobs in the specific industry being protected, but costs jobs in other unprotected industries. 4. A number of different studies have attempted to estimate the cost to consumers in higher prices per job saved through protectionism. The costs of saving jobs through protectionism can be high.
Which nation achieved the ideal communist society as described by Marx?
A. Castro's Cuba B. Mao's China C. Stalin's Soviet Union D. No nation has achieved Marx's vision of communist society.