The distinction between real and nominal rates of interest is understood by
A. most public policy makers.
B. the majority of the American population.
C. a majority of legislators.
D. relatively few Americans.
Answer: D
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Compared to an open economy without a tariff, the amount of imported sugar will drop from ________ tons to ________ tons after the tariff is imposed. 
A. 80; 40 B. 60; 30 C. 40; 20 D. 20; 10
How is economics used as a policy tool?
What will be an ideal response?
The economic reasons that underlie the shape of the aggregate supply curve are different from those that underlie the shape of the supply curve for a particular good
a. True b. False Indicate whether the statement is true or false
The purpose of an expansionary money policy is to:
a. Decrease aggregate demand b. Increase investment demand c. Decrease investment demand d. Increase aggregate demand