Most cartels self-destruct because cartel members cheat
Indicate whether the statement is true or false
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The national debt can only be reduced if
A) the federal budget is in deficit. B) the federal budget is in surplus. C) there are no tax multiplier effects. D) the economy has a deflationary ga
A principal reason that purchasing power parity does not hold exactly in practice is
A) that foreign and domestic assets are not perfect substitutes. B) the existence of non-traded goods. C) that consumers in different countries have different preferences. D) that costs of production are not the same in all countries.
With a constant nominal interest rate equal to i, the present discounted value of $1.00 to be received 4 years from today is equal to
A) 1 + i. B) i4. C) (1 + i)4. D) 1/(1 + i) 4. E) 4(1 + i).
The required reserve ratio is 5%. The money multiplier is
A. 0.5. B. 5. C. 15. D. 20.