There are no costs to inflation if it is fully anticipated
Indicate whether the statement is true or false
FALSE
Economics
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If the institutions in an economy change from being inclusive to extractive, the return-to-entrepreneurship schedule in the economy will:
A) become horizontal. B) shift rightward. C) become vertical. D) shift leftward.
Economics
Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Denmark gain compared to the "without trade" numbers?
A) -150 B) 0 C) 150 D) 1,050
Economics
Offshoring by domestic firms causes job losses not job expansion in the home market
Indicate whether the statement is true or false
Economics
If the money supply is $600 and nominal income is $3,600, the velocity of money is
A) 1/60. B) 1/6. C) 6. D) 60.
Economics