Expansionary fiscal policy crowds out both domestic investment and net exports
Indicate whether the statement is true or false
TRUE
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Explain what the four main categories of world economies are and give examples?
What will be an ideal response?
Assuming an increase in money demand, then if the Federal Reserve
a. can keep the interest rate unchanged assuming that it changes the monetary base by the appropriate amount. b. would have to aim below their previous money stock target. c. would not have to cut taxes to keep output from falling. d. All of the above e. None of the above
See Scenario 4.1. Holding Daniel's income and Pd constant at $240 and $3 respectively, what is Daniel's demand curve for cake?
A) Qc = 240 - Pc B) Qc = 240/Pc C) Qc = 120/Pc D) Qc = 240/(3 + Pc) E) none of the above
A union acts like a monopoly seller of labor
a. True b. False Indicate whether the statement is true or false