There are many policies that can discipline market power, but often the most powerful discipline comes from potential consumers. ?

Economists initially viewed the Phillips curve as a structural relationship, meaning that the relationship between the two measured variables

A) can change only slightly over time. B) can change greatly over time. C) will not change over time. D) will change in the short run but not in the long run.

Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds and monetary base in the context of the Three-Sector-Model? a. The quantity of real loanable funds rises and monetary base rises

b. The quantity of real loanable funds rises and monetary base falls. c. The quantity of real loanable funds falls and monetary base falls. d. The quantity of real loanable funds and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.