Proponents of the monetary growth rule believe that a constant growth rate in the money supply will lead to less uncertainty and greater credibility than with activist policies
a. True
b. False
Indicate whether the statement is true or false
True
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A small decrease in a production quota will have a large impact on the support price if:
A) demand is completely elastic. B) demand is highly (but not completely) elastic. C) demand is inelastic. D) The demand elasticity does not affect the price outcomes of a quota program.
Which of the following would cause stagflation?
a. rising government expenditures b. rising oil prices c. a falling money supply d. technical progress
Innovation is
A. the same thing as invention. B. the desired result of invention. C. the necessary precondition of invention. D. unrelated to invention.
Discuss the benefits of international trade and factors that lead to its growth.
What will be an ideal response?