For interest rates to remain stable during economic contractions, the money supply would have to grow at the same rate as the demand for money
Indicate whether the statement is true or false
false
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For country Gamma, the opportunity cost for producing 1 computer is 10 tons of steel. For country Beta, the opportunity cost for producing 1 computer is 6 tons of steel. Which country has the comparative advantage in the production of steel?
A) Gamma B) Beta C) Both have the comparative advantage in the production of steel. D) Neither country has the comparative advantage in the production of steel. E) More information is needed to determine which of the two nations has the comparative advantage.
A (very, very small) country produces milk and shirts and its production possibilities frontier is in the table above
a. The nation is currently producing at point B. What is the opportunity cost of two additional gallons of milk? At point C? At point D? What do your results show? b. Suppose the nation is initially producing 4 gallons of milk and 40 shirts. What is the opportunity cost of 2 additional gallons of milk? Explain your answer.
A source of economic growth is:
a. unemployment. b. inefficiency. c. less resources. d. greater entrepreneurship.
Tax increases shift aggregate-demand curve to:
a) right while increases in government spending shift aggregate demand left. b) right as do increases in government spending. c) left while increases in government spending shift aggregate demand right. d) left as do increases in government spending.