Complete crowding out occurs when
A) monetary policy has no effect on income.
B) fiscal policy has no effect on income.
C) monetary policy has no effect on interest rates.
D) fiscal policy has no effect on interest rates.
B
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A bubble happens when:
A. asset prices rise for a long time, even during a recession. B. asset prices rise higher and faster than can be explained by the fundamentals. C. asset prices rise faster than can be tracked with traditional statistical tools. D. asset prices rise higher than experts have predicted they would.
When the demand curve for an input is a derived demand this means that
A) the demand curve is derived from the demand for the final product being produced. B) the demand curve depends upon the MFC. C) the law of diminishing marginal product does not hold. D) the demand curve slopes upward.