If there is an excess quantity of money, people will buy bonds
Indicate whether the statement is true or false
TRUE
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Which one of the following industries could be classified as an oligopoly?
A) Tobacco production B) Retailing C Farming D) Fast food restaurants
What is the government purchases multiplier if the tax rate is 0.1 and the marginal propensity to consume is 0.9? Assume the economy is closed
A) 5.3 B) 10 C) 11.1 D) 100
The IMF conditionality may include
A) changes in the fiscal and monetary policies of the country facing the financial crisis. B) changes in the exchange rate policies. C) regulating and restructuring the financial sector of the economy of the country in crisis. D) structural policies affecting international trade and public enterprises. E) All of the above.
The potential output of an economy is the level of output produced when the: a. real wage equals the nominal wage
b. price level is constant. c. expected real wage equals the nominal wage. d. seasonal unemployment rate is zero. e. expected price level equals the actual price level.