Assuming a fully loaned-up banking system and a deposit expansion multiplier of 2, a $10 million government expenditure financed by sales of securities to the banking system will cause the money supply to

Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of

A) employment. B) inflation. C) interest rates. D) real GDP.

According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country

Indicate whether the statement is true or false