If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True
b. False
Indicate whether the statement is true or false
True
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In September 2008, the Reserve Primary Fund, a money market mutual fund, found itself in the situation know as "breaking the buck." This means that
A) they could no longer afford to redeem shares at the par value of $1. B) they required shareholders to contribute a dollar more in fees each month. C) shareholders were able to redeem shares for more than a $1. D) shares earned more than a dollar in interest.
The merchandise trade balance
a. reflects trade in intangibles like insurance and tourism b. includes personal gifts to friends abroad c. records the flow of financial assets like stocks and bonds d. equals the value of imports minus the value of exports e. equals the value of tangible products exported minus the value of tangible products imported
If prices and wages adjusted rapidly and producers could quickly distinguish the difference between a change in the price level and a change in the relative price of their products, then an increase in the money supply growth rate would have at most a very short-lived affect on unemployment
a. True b. False Indicate whether the statement is true or false
The definition of M2 includes
What will be an ideal response?