According to critics of new Keynesian economics, it is doubtful that
a. menu costs are very important in the real world.
b. efficiency wage considerations play an important role in the real world.
c. bargaining models are of significance in the real world.
d. All of the above
e. None of the above
D
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When a commercial bank borrows from a Federal Reserve Bank, ________.
A. it indicates that the commercial bank is unsound financially B. the supply of money automatically increases C. the commercial bank's reserves are reduced D. the commercial bank's lending ability is increased
The point elasticity is a measure of the sensitivity of consumers to a large price change - a range from one price to another
a. True b. False Indicate whether the statement is true or false
Chronic trade deficits lead to a growing national debt
a. True b. False Indicate whether the statement is true or false
Which of the following adopted reforms that have substantially improved their economic freedom rating since 1980?
a. Ireland b. Zimbabwe c. Venezuela d. Republic of Congo