In the Keynesian model in the long run, a decrease in the money supply will cause ________ in the real interest rate and ________ in the price level
A) an increase; an increase
B) a decrease; a decrease
C) no change; an increase
D) no change; a decrease
D
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Over the period 1960-2000, France grew ________ than the United States economy
A) 2 % slower. B) 2% faster. C) more than 2% slower. D) less than 2% faster. E) more than 2% faster.
There is much world concern over the deteriorating condition of the Pyramids and other historical structures in Egypt. While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere. Economists would describe this as an example of
a. an externality. b. a public good. c. a free rider problem. d. imperfect information.
Which country had the highest level of fossil-fuel carbon dioxide emissions per capita in 2008?
a. Ireland b. Taiwan c. Canada d. Qatar
Inflation increases the use of money as a store of value.
Answer the following statement true (T) or false (F)