Postwar globalization is not our first experience with worldwide globalization
a. True
b. False
A
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In the model of the money supply process, the bank's role in influencing the money supply process is represented by
A) the excess reserve. B) both the excess reserve and the market interest rate. C) the currency ratio. D) only borrowed reserves.
A kinked demand curve is perceived by the firm as being:
a. more elastic to the right of the kink b. more inelastic to the right of the kink c. more inelastic to the left of the kink d. present when there is a monopoly e. bowed-in or bowed-out
If the growth rate for GDP was 9 percent and GDP in year 1 was 100, then GDP in year 2 would be:
A. 90. B. 109. C. 190. D. 199.
A decrease in business taxes will tend to:
A. Increase aggregate demand but not change aggregate supply B. Increase aggregate supply but not change aggregate demand C. Increase aggregate demand and increase aggregate supply D. Decrease aggregate supply and decrease aggregate demand