Monetarists argue that fiscal policy is ineffective because:
a. the velocity of money is predictable.
b. the crowding-out effect reduces investment.
c. prices and wages are sticky in the short run.
d. it causes the value of the dollar to depreciate.
b
Economics
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If there are approximately 8,000 barrels of known reserves of oil, annual consumption of oil is 500 barrels,
and it is estimated that the supply of oil will be depleted in 30 years, how many barrels of unknown reserves of oil are there estimated to be, all else equal? A) 1,333 B) 7,000 C) 12,000 D) 48,000
Economics
Most Americans
a. have accurate perceptions of the level of corporate profits. b. underestimate corporate profits. c. overestimate corporate profits. d. believe that corporations earn zero profit.
Economics