The real business cycle model best explains the procyclicality of the nominal money supply by
A) an unpredictable Federal Reserve.
B) exogenous money.
C) endogenous money.
D) uncorrelated money.
C
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All economically efficient production plans are technologically efficient.
Answer the following statement true (T) or false (F)
If protective import-restricting quota are imposed by a country, in the majority of cases that nation's consumers end up
A) paying a lower price for the good than they otherwise would. B) consuming more of the good than they otherwise would. C) having more consumption choices than they otherwise would. D) consuming less of the good than they otherwise would.
Which of the following would shift the investment demand curve leftward?
a. An increase in business taxes. b. A decrease in business taxes. c. A tax credit for new investment. d. Firms are operating their plants at full capacity.
Protectionism is the view that free trade is ________ and should be ________.
A. helpful; encouraged B. harmful; restricted C. inevitable; allowed D. illegal; forbidden