Keynesian economists believe that in the short run,
A. money neutrality exists and prices do not adjust rapidly.
B. money neutrality exists and prices adjust rapidly.
C. money neutrality does not exist and prices adjust rapidly.
D. money neutrality does not exist and prices do not adjust rapidly.
Answer: D
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Leverage refers to
A) the ratio of total assets of a financial institution to total liabilities. B) the ratio of the liabilities of a financial institution to equity capital.. C) the ratio of equity capital of a financial institution to the liabilities. D) the ratio of the debt of a financial institution to liabilities.
Econville suffers from a massive earthquake and tsunami that destroys a fourth of its physical resources. What happens to the production possibility frontier?
a. The production possibility frontier does not change. b. The production possibility frontier shifts to the right. c. The production possibility frontier shifts to the left. d. The production possibility frontier shifts down for capital goods but does not change for consumer goods.
A tax is more likely to promote economic equality if it is
a. regressive. b. proportional. c. indirect. d. progressive.
What was the result of the Bretton Woods Conference?
(A) The creation of a fixed exchange-rate system for the United States and much of Western Europe. (B) The creation of NAFTA. (C) The creation of a flexible exchange-rate system for the United States and much of Western Europe. (D) The creation of the euro.