The liquidity trap is based on the _____ demand for money.
A. overall
B. transactions
C. precautionary
D. speculative
D. speculative
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The Consumer Price Index (CPI) differs from a chain-weighted price index in that the CPI
A) compares the prices of all goods in one year to the prices of all goods in other years. B) measures the costs of a typical fixed basket of goods over time, while the chain-weighted index does not. C) requires calculation of GDP, while the chain-weighted index does not. D) allows for the goods consumed in an economy to change over time, while the chain-weighted index does not.
If Turkey wants to promote faster economic growth, it will need to
A) promote government intervention to help markets determine incentives. B) restrict property rights so that individuals can better share inventions. C) promote incentive systems to encourage saving, research and development, increased trade and improved education. D) restrict economic freedom so the government has better control of markets. E) restrict international trade to protects its own workers.
AGI always exceeds taxable income.
A. True B. False C. Uncertain
When we have an optimum resource mix for the firm,
A. the MRP of land = the price of land. B. the MPP of land = the price of land. C. Both choices are true. D. Neither of the choices are true.