Properly enforced property rights will usually cause
a. lower levels of investment spending.
b. lower levels of real interest rates.
c. higher levels of investment spending.
d. higher levels of real interest rates.
c
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An advantage of transfer payments over public works as a means of reducing unemployment is that transfer payments
a. provide more direct aid to those suffering most from unemployment. b. are unlikely to decrease unintended excess inventories of consumer goods. c. generate more secondary and tertiary employment. d. tend to have a larger multiplier effect.
Due to the private nature of bank ownership, there is often a difference between bankers' goals and macroeconomic objectives
a. True b. False Indicate whether the statement is true or false
The quantity theory of money assumes that the velocity of money:
a. will rise if the money supply rises, but it will not change if the money supply falls. b. will fall if the money supply rises, and it will rise if the money supply falls. c. is constant. d. will rise if the money supply rises and fall if the money supply falls.
Refer to the above graph of the representative firm in monopolistic competition. The long-run equilibrium price and output for this firm will be:
A. B and C. B. A and D. C. A and C. D. B and D.