Today _________ countries generate average income levels that approach the earnings of free Americans on the eve of the revolution
a. no
b. relatively few
c. many
d. most
b. relatively few
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The above figure depicts an economy
A) with an inflationary gap. B) with a recessionary gap. C) producing at full employment. D) None of the above answers is correct.
Positive externalities can be dealt with by _____ them
a. subsidizing b. taxing c. regulating d. encouraging
Money is essentially defined by
A) the intrinsic value of what is being used as money. B) the judicial branch. C) the government. D) social usage.
Suppose the money supply increases by 10 percent but velocity is not constant. Given this information, it follows that:
A. nominal GDP will increase by 10 percent. B. nominal GDP will increase by more than 10 percent. C. nominal GDP will increase by less than 10 percent. D. the change in nominal GDP cannot be determined.