Surveys have found that ____________ are the strongest proponents of placing limits on imports.

When the interest rate is so low that the opportunity cost of holding money is zero, then economists say we have reached:

A) the era of total liquidity. B) the zero lower bound situation, which means the U.S. economy may be in a liquidity trap. C) full monetary saturation. D) a situation in which a nation must use caution, since monetary policy is "super" effective.

What does the quantity theory of money tell us? That

a. the velocity of money is highly variable b. the money supply directly affects real GDP c. the money supply inversely affects velocity d. real GDP increases as the price level increases e. P = MV/Q