Which of the following is the most open economy?
a. Germany
b. the Netherlands
c. the United States
d. Japan
e. Canada
b
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The costs imposed by inflation should be lessened in the future because of the following reform that took place during the early 1980s
A) airline deregulation. B) issuance of indexed government bonds. C) changing tax laws to ensure that savers are taxed only on real, rather than nominal capital gains. D) lifting of limits on interest paid on checking and savings accounts.
According to the monetarist transmission mechanism, a decrease in the money supply __________ aggregate demand
A) directly increases B) indirectly increases C) directly decreases D) indirectly decreases E) equals the increase in
In the table above, points A through F represent _______________________ of resources.
Hypothetical Production Schedule for a Two-Product Economy
What inputs are included in the aggregate production function, and what is the economic impact of those inputs?
What will be an ideal response?