Real business cycle theorists are critical of monetarist reduced-form evidence because they believe
A) money is the most important cause of changes in aggregate demand.
B) there is reverse causation from the business cycle to money.
C) there is reverse causation from money to the business cycle.
D) business cycles do not exist.
B
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If Turkey wants to promote faster economic growth, it will need to
A) promote government intervention to help markets determine incentives. B) restrict property rights so that individuals can better share inventions. C) promote incentive systems to encourage saving, research and development, increased trade and improved education. D) restrict economic freedom so the government has better control of markets. E) restrict international trade to protects its own workers.
The Federal Trade Commission
a. was abolished by the Celler-Kefauver Act b. was established when the Antitrust Division of the Justice Department was eliminated c. largely deals with telephone and utility regulation d. is a weak and ineffective government agency e. investigates unfair and deceptive trade practices
Market-oriented economies have rules and regulations regarding: a. the nature of the products sold in the market
b. the enforcement of legal contracts. c. the number of sellers and buyers participating in the market. d. the ways in which taxes can be avoided.
A person buys a newly issued bond that matures in 10 years with a face value of $10,000 and a coupon rate of 4%. How much money will the bondholder receive in the tenth year?
A) $10,040. B) $10,400. C) $10,000. D) $40. E) ?$400.