If the monetary authorities persistently expand the money supply at a rapid rate, the probable result will be

a. inflation.
b. high nominal interest rates.
c. rapid growth of real GDP.
d. both a and b.


D

Economics

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A) Okun's Law; four; below B) Keynes' Law; two; below C) Phillip's Law; four; above D) Say's Law; two; above E) Okun's Law; two; below

Economics

Assume a manager of a major league baseball team has a player that is the best pitcheron team the team. However, he decides to to have him play right field instead. It turns out that he is not the best right fielder on the team

How might this manager defend his decision?

Economics

Which of the following is an example of an externality that has been internalized?

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Economics

In the case study discussed in the chapter, the electronics firm was losing money by selling its calculators at a price that was below average cost

a. True b. False Indicate whether the statement is true or false

Economics