The evidence to support economist de Soto's claim that a strong titling system would lead countries to increase their economic development is:
A. not important as in economics some theories don't require empirical evidence to be supported.
B. strong and undisputed.
C. absent, and his claims are unfounded.
D. mixed and implies that such systems may be important with other factors present.
Answer: D
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If the demand for money was totally independent of the interest rate, the LM curve would ________ and monetary policy would ________
A) have a positive slope, quite powerful B) have a positive slope, impotent C) be vertical, quite powerful D) be vertical, impotent
The inflation rate = ________
A) nominal GDP - real GDP B) growth rate in real GDP - growth rate in nominal GDP C) growth rate in real GDP + growth rate in nominal GDP D) nominal GDP รท real GDP E) none of the above
About planning on capacity utilization: Producers typically
a. disregard interest rates when making long-term decisions about capacity utilization b. end up with high interest rates when planning for future capacity utilization c. operate at 100 percent capacity d. enjoy carrying excess productive capacity e. choose a capacity rate that gives them some degree of short-run flexibility
If the Federal Reserve decides to increase the money supply:
a) the federal funds rate will rise. b) the federal funds rate will fall. c) the federal funds rate will be unaffected. d) deflation will occur.