The world of flexible exchange rates and perfect capital mobility is often called the
A) Keynesian model.
B) Mundell-Fleming model.
C) Monetarist model.
D) Melvin model.
B
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What portion of the demand curve will profit-maximizing monopolists choose to operate on: the inelastic portion or elastic portion? Why?
The growth of international trade has helped to ______ the productivity of U.S. workers as a whole, and thus helped to ________ the average level of wages.
a. lower; lower b. raise; raise c. raise; lower d. lower; raise
The United States was among the first of the modern industrial nations to establish a central banking system.
Answer the following statement true (T) or false (F)
Reverse causation is the idea that
A. expected future increases in output cause increases in the current money supply. B. current increases in output cause future increases in the money supply. C. current increases in the money supply cause future increases in output. D. expected future increases in the money supply cause increases in current output.