Two major exports for the United States are
A) clothing and office machines.
B) soybeans and scientific instruments.
C) footwear and fish.
D) coffee and diamonds.
E) none of the above
B
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In the end, the monetarist version of the quantity theory of money still leads to the same classical conclusion: Although money cannot influence how much we produce, it does influence the prices of the goods and services we produce
Indicate whether the statement is true or false
Firms that practice tacit collusion may receive some of the benefits of a cartel without explicitly organizing a group of firms.
Answer the following statement true (T) or false (F)
An essential function of a central bank is to:
A. collect taxes. B. control and monitor government budgets. C. manage the money supply. D. issue debt.
Suppose business confidence decreases causing a reduction in investment. Based on our understanding of the model presented in Chapter 3, we know with certainty that a reduction in investment will cause
A) an increase in the multiplier. B) a reduction in the multiplier. C) a reduction in the marginal propensity to save. D) a reduction in consumption as the economy adjusts to this decrease in investment.