According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. the price level
b. real GDP
c. nominal interest rates
d. All of the above are correct.
b
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Fill in the blank: Information is a ________ good
A) free B) scarce C) futile D) non-economic
Higher income countries are more likely to have _____________ returns to their investments and must continually invent new technologies, which allows lower-income economies to have a chance for convergent growth.
a. marginal b. increasing c. diminishing d. stagnant
Compare and contrast the effects of an expansionary monetary policy and a contractionary monetary policy in the open economy.
What will be an ideal response?
A good example of a monopolistic competitive industry is
A) the federal highway system. B) wheat farms in the United States. C) the country music industry. D) the four major textbook publishers together with nearly 90 percent of industry sales.