On average, about half the labor force in developing countries works in agriculture, versus only about 3 percent in industrial market countries

Monetarists have maintained the Classical tradition by emphasizing the

A) importance of government's fine-tuning policies. B) inflationary impact of government spending. C) instability of money demand. D) inherent stability of the economy.

Is it possible for a currency to appreciate relative to another currency, and depreciate relative to a third? a. No, this is not theoretically possible; a currency rises or falls against all others. b. No, although this could occur under a strict gold standard

c. Yes, this is possible in a world of floating exchange rates. d. Yes, in theory, but it does not happen in reality.