The father of modern economics that wrote The Wealth of Nations is:
a. Karl Marx b. John Maynard Keynes
c. Adam Smith d. Thorstein Veblen
c
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Which of the following is true? a. When real interest rates are higher in country A than country B there will tend to be a capital flow from country B to country A. b. When real interest rates are higher in country A than country B there will tend to be a capital flow from country A to country B. c. Capital flows will tend to increase real interest rates in countries with a capital inflow
d. Both b. and c. are correct.
An increase in market supply will increase price
Indicate whether the statement is true or false
Which of the following would not be counted in the U.S. balance of payments' current account?
a. Helen, an American oil engineer, is a paid adviser to Mexico. b. Exxon owns oil fields in Mexico. c. France purchases a new jet fighter aircraft from the Boeing Company in Seattle. d. Martha receives a $50 dividend check on stock she owns in a business in Mexico. e. A wealthy Italian purchases numerous antiques in the United States for his Roman villa.
Inside lags are:
A. longer for monetary policy than for fiscal policy. B. longer for fiscal policy than for monetary policy. C. the same for fiscal policy and monetary policy. D. more variable for monetary policy than for fiscal policy.