Which of the following factors would economists consider "key" to economic development?
A) policies that promote consumption expenditures by households
B) establishing a system of property rights
C) expansionary monetary policy
D) All of the above are correct.
B
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In a "liquidity trap,"
A) the demand for money is infinite. B) the LM curve is a vertical line. C) the nominal interest rate on short-term assets is relatively high. D) money supply changes have a strong impact on interest rates.
Why is the credit spread countercyclical and coincident?
What will be an ideal response?
Economists call the physical cost of changing prices:
A. the cost of doing business. B. menu costs. C. inflationary suffrage. D. increasing profits.
The demand for computer chips is a downward sloping straight line. If there is an increase in the supply of computer chips, this change will
A) increase the price elasticity of demand for computer chips. B) decrease the price elasticity of demand for computer chips. C) have no effect on the price elasticity of demand for computer chips. D) have an unpredictable effect on the price elasticity of demand for computer chips.