According to classical macroeconomic theory, changes in the money supply change real GDP but not the price level
a. True
b. False
Indicate whether the statement is true or false
False
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Unemployed workers in Bosnia could receive up to 30 weeks of unemployment insurance. However, during a recent recession, the government extended the eligibility period to 45 weeks
How is this change in policy likely to affect the labor market in Bosnia?
A country produces only cans of soup and ink pens. If the country produces on its bowed outward PPF and increases the production of cans of soup, the opportunity cost of additional
A) cans of soup is decreasing. B) ink pens is increasing. C) cans of soup is increasing. D) cans of soup remains unchanged. E) More information is needed to determine what happens to the opportunity cost.
Complete the following statement. A collectively financed medical care system, providing universal coverage to a basic benefits package for everyone that includes the ability to purchase additional coverage with a supplemental insurance policy _____.
a. will do harm to the more vulnerable segments of the population - poor, sick, and elderly b. may not be equal, but is welfare enhancing for everyone c. seldom works when actually applied in the real world d. is unfair because it creates a two-tiered system
There is no general agreement among economists regarding the sources of the U.S. productivity slowdown that occurred between 1973 and 1995.
Answer the following statement true (T) or false (F)