According to the monetarist view, the aggregate supply curve is:
A. Upward sloping to the right.
B. Perfectly vertical at the natural rate of unemployment.
C. Flat or horizontal until full employment is reached.
D. Flat or horizontal at all levels of output.
B. Perfectly vertical at the natural rate of unemployment.
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The majority of economists favor open capital flows
Indicate whether the statement is true or false
The efficient markets hypothesis suggests that investors
A) should purchase no-load mutual funds which have low management fees. B) can use the advice of technical analysts to outperform the market. C) let too many unexploited profit opportunities go by if they adopt a "buy and hold" strategy. D) act on all "hot tips" they hear.
A country’s level of trade is
a. the amount of exports and imports that are produced. b. the amount of goods and services that are produced. c the amount of production that is exported. d. the amount of capital inflow.
A buyer is willing to buy a product at a price greater than or equal to his willingness to pay, but would refuse to buy a product at a price less than his willingness to pay
a. True b. False Indicate whether the statement is true or false