When competition is present and private ownership rights are clearly defined and securely enforced,
What will be an ideal response?
all of the above are correct
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For something to serve as money, it must be
A) light, durable, and common. B) convertible to gold. C) backed by the authority of the government. D) generally accepted by buyers and sellers.
What is the shutdown point?
What will be an ideal response?
If deviations from trend in a macroeconomic variable are negatively correlated with deviations from trend in real GDP, that variable is said to be
A) useless in predicting future movements in real GDP. B) procyclical. C) countercyclical. D) acyclical.
In the open-economy macroeconomic model, other things the same, which of the following both make the exchange rate fall?
a. U.S. investment demand falls and foreign demand for U.S. goods falls b. U.S. investment demand falls and foreign demand for U.S. goods rises c. U.S. investment demand rises and foreign demand for U.S. goods falls d. U.S. investment demand rises and foreign demand for U.S. goods rises