Globalization was much more pervasive in the 1800s than it is today.
Answer the following statement true (T) or false (F)
False
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Everything else held constant, an increase in currency holdings will cause
A) the money supply to rise. B) the money supply to remain constant. C) the money supply to fall. D) checkable deposits to rise.
Given the information in Scenario 4.3, erasers are:
A) a normal good. B) an inferior good. C) neither normal nor inferior. D) complements. E) necessities.
Critics of an equal distribution of income argue that the effect would be to raise the incentive to be productive
a. True b. False Indicate whether the statement is true or false
Assume the economy is in short-run equilibrium at a real GDP above its potential real GDP. According to classical theory, which of the following policies should be followed? a. The Federal Reserve should use open market operations and buy U.S. government securities. b. The Federal Reserve should not follow a fixed rule
c. The federal government should cut taxes. d. Fiscal policy and monetary policy should not be activist.