Per capita GNP and quality-of-life are the only ways to determine a country's level of economic development
a. True
b. False
Indicate whether the statement is true or false
False
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Keynes argued that
I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices. A) I only B) II only C) Both I and II D) Neither I nor II
Refer to Table 8-16. Given the information above, what can we say has happened in the economy from 2015 to 2016?
A) The price level has risen. B) The price level has fallen. C) The price level has remained constant. D) Not enough information is available to determine what has happened to prices.
Which of the following is not an impure public good?
a. a full movie theatre b. a fairly congested highway c. a swimming pool at ninety percent capacity d. the average major league baseball game in early April
In order for the crude quantity theory to be valid, ______ and ______ need to be constant.
Fill in the blank(s) with the appropriate word(s).