Which of the following is not an important issue in the Keynesian-Monetarist debate?
A. the relative importance of monetary and fiscal policy
B. the nature of the transmission mechanism through which a change in the money supply affects the economy
C. the shape of the investment-demand curve
D. the shape of the money supply curve
Answer: D
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Papa Ray owns a pizzeria. He is more efficient at making pizza than anyone he could hire. Does this mean that he should make all of the pizzas himself?
What will be an ideal response?
According to classical economists, the relationship between the amount of funds firms invest and the interest rate is
A) direct. B) inverse. C) indirect. D) independent.
A firm with market power
A. faces a downward-sloping demand curve. B. can increase price without losing all sales. C. is the only seller in a market. D. both a and b E. all of the above
Gross domestic product (GDP) is:
A. a stock. B. a flow. C. both a stock and a flow. D. neither a stock nor a flow.