To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this? year, you should compare the value of the bread in

The supply of domestic assets ________

A) is insensitive to changes in the nominal exchange rate B) rises when the nominal exchange rate rises C) falls when the nominal exchange rate rises D) equals the value of exports minus the value of imports

________ advocated laissez-faire, the belief that natural market forces, such as changes in prices, wages, and interest rates, would resolve expansionary or contractionary gaps. In contrast, ________ argued that prices and wages were not flexible enough for markets to self-adjust, and advocated discretionary fiscal policy

a. Keynes; classical economists b. Chairman Mao; Herbert Hoover c. Keynes; Ronald Reagan d. Classical economists; Keynes

The basic concern of economics is to:

A) keep business firms from losing money. B) prove that capitalism is better than socialism. C) study the choices people make. D) use unlimited resources to produce goods and services to satisfy limited wants.

Discretionary fiscal policy is a policy that _____

Fill in the blank(s) with the appropriate word(s).