A depreciation of the U.S. dollar will benefit the _____.
a. countries exporting to the U.S
b. Australian firms selling in the U.S.
c. U.S firms selling in Europe
d. Japanese investors who have invested money in the U.S.
c
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The stimulus strategy behind tax cuts will only be effective if Ricardian equivalence:
A. holds, and people increase their spending. B. holds, and people save more. C. fails to hold, and people increase their spending. D. fails to hold, and people save more.
In any case where there is a negative externality, it is better to form a government agency to solve the problem.
Answer the following statement true (T) or false (F)
If the demand is perfectly elastic, buyers pay the entire tax
Indicate whether the statement is true or false
In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion. Velocity was
A. 0.11. B. 8.85. C. 11.30. D. 14.25.