Attempts to fine-tune the economy through counter-cyclical fiscal policy
A) demonstrated their effectiveness in the 1930s.
B) demonstrated their effectiveness during World War II.
C) demonstrated their effectiveness between 1945 and 1960.
D) have not yet demonstrated their effectiveness.
Ans: D) have not yet demonstrated their effectiveness.
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The demand for money curve shows the relationship between the quantity of money demanded and
A) real GDP. B) the inflation rate. C) the real interest rate. D) the price level. E) the nominal interest rate.
The rate of natural increase in the population of developing countries is most correlated with
(a) advances in developed country technology (b) increases in developing country income (c) an increase in the fertility rate (d) all of the above.
At $2 a container, a grocery store supplies 100 containers of organic yogurt, but sells only 72 containers of this product. The grocery store has a ______.
a. shortage of 28 b. shortage of 18 c. surplus of 28 d. surplus of 18
Monopolistically competitive firms in long-run equilibrium produce at ________ the optimal scale.
A. exactly B. less than C. more than D. sometimes more and sometimes less than