The _____ tend to have a smaller public sector relative to the total economy

Economies of scale are created by greater efficiency of capital and by

A) longer chains of command in management. B) better wages for labor. C) smaller plant sizes. D) increased specialization of labor.

Most monetarists would say that:

A. the MV = PQ equation provides a better understanding of the macroeconomy than does the C a + I g + X n + G = GDP equation. B. most changes in the price level are explainable by changes in the level of real output. C. the velocity of money is quite unstable. D. all of these are true.