Both new classical economists and monetarists disagree with Keynesians about the optimal degree of involvement of the government in determining the equilibrium level of real GDP
a. True
b. False
Indicate whether the statement is true or false
True
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A VRA is an example of
A) a "voluntary" quota. B) a tariff. C) an illegal foreign good. D) an illegal foreign tariff.
When the Federal Reserve System wants to increase the money supply, which of the following actions would the Fed choose?
a. It purchases U.S. government securities. b. It increases the discount rate. c. It increases the required reserve ratio. d. It sells bonds on the open market.
A key assumption of David Ricardo's economic rent concept was that
A. all land is equally productive. B. land is always cheap and needs development. C. land is too differentiated to be able to measure. D. only land in large cities matters.
Refer to Scenario 1 . If you start the course in such a way that each exam score is better than your previous average what should happen to your average score? What would happen to your average if it was below your previous exam score? Explain
What will be an ideal response?