An example of an intermediate good would be
A) a new car.
B) a used car.
C) the rims on a new car.
D) new rims to replace old rims on a used car.
Answer: C
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Monetarists contend that an expansionary monetary policy will lead to a rise in the interest rate because __________ and the __________ effect will raise interest rates by more than the initial __________ effect lowers it
A) inflationary expectations; income; liquidity B) inflationary expectations; liquidity; income C) deflationary expectations; income; liquidity D) deflationary expectations; liquidity; income
Big-push development projects normally require government funding because private sources are unwilling, and often unable, to support such large projects
Indicate whether the statement is true or false
Marginal land is on the borderline of being used in production
a. True b. False Indicate whether the statement is true or false
According to the quantity theorists, the reason for inflation is _________.
Fill in the blank(s) with the appropriate word(s).