The author of The Wealth of Nations; The author of the General Theory
a. David Ricardo; John Maynard Keynes.
b. Adam Smith; A. C. Pigou.
c. Adam Smith; David Ricardo
d. Adam Smith; John Maynard Keynes.
e. Adam Smith; John Stuart Mills.
D
Economics
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In the short run, the nominal interest rate is affected by changes in the money supply perceived to be temporary, but once ___ adjust(s), the nominal interest rate ___ in the long run.
a. the supply of money; rises b. the price level; will revert to its former level c. expectations of interest rates; falls d. real GDP; does not change
Economics
Large oligopoly firms are often able to take advantage of significant economies of scale. As a result, they can often produce at a lower average total cost than can smaller firms
a. True b. False Indicate whether the statement is true or false
Economics