Computers and the Internet make it possible for people to communicate with others over long distances, reducing the probability that people will trade with one another
Indicate whether the statement is true or false
False
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Which of the following models advocate that the quantity of money should be increased at a constant rate?
A) the real business cycle model B) the new classical model C) the new Keynesian model D) the monetarist model
Which of the following makes short-term conditional low-interest loans to LDCs?
a. Agency for International Development (AID) b. World Bank c. Agency for International Finance (AIF) d. International Monetary Fund (IMF)
A price ceiling refers to ________
A) the lowest price that a producer is willing to accept for a good B) the highest price that a consumer is willing to pay for a good C) the lower limit on the price of a good D) the upper limit on the price of a good
During the 1920s, the discount rate was the major policy tool of the Federal Reserve
Indicate whether the statement is true or false