Which of the following is correct?
a. Keynesians believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
c. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures.
d. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
e. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
.A
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GDP does not include which of the following activities?
A. Families eating out at restaurants. B. Households spending to enhance security of their neighborhoods. C. Businesses installing anti-pollution equipment. D. Couples remodeling their own homes (with their own labor).
Suppose Billy owns a hair salon in Dallas. He has one large hair dryer for which he paid $1,000. If he can sell the dryer one year later for $800, his total economic depreciation equals
A) $1,000. B) $200. C) $800. D) $1,800. E) None of the above answers is correct.
Which of the following are required for economic growth? i. more goods and services produced per hour of work ii. an increase in the average hours of labor per person iii. an increase in prices
A) i and iii B) i and ii C) ii and iii D) i only E) ii only
Which of the following statements is true?
A) Eurobanks are able to create money. B) Eurobanks accept deposits but not loans. C) Eurobanks are essentially intermediaries. D) Both A and C.