Leontief showed that U.S. exports were capital intensive relative to U.S. imports

Indicate whether the statement is true or false


FALSE

Economics

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Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions. True or Flase

A. True B. False

Economics

Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.

A. lower; potential B. higher; potential C. higher; higher D. lower; higher

Economics

The Fed can change the money supply by buying or selling long-term Treasury bonds. Purchasing long-term securities is commonly called

A) open market operations. B) quantitative easing. C) discount operations. D) federal funds speculation.

Economics

Your opportunity cost of attending a lecture on the number of brain cells lost by binge-watching episodes of Here Comes Honey Boo Boo is

A) zero, since you already know that binge-watching will kill all of your brain cells. B) the price of the ticket for the lecture. C) the value of attending a meditation class, which is your next-best alternative. D) the total value of all other options you could have chosen instead of going to the lecture.

Economics