The vital link between the real and monetary sectors of the economy is the:
A) price level.
B) interest rate.
C) balance of payments.
D) budget deficit.
B
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The rule of 70 provides an estimate of: a. how long it will take for a nation's economy to double in size. b. the growth rate of a nation's gross domestic product per capita. c. the level of a nation's foreign reserves
d. how long it will take for a nation's population to triple in size.
(Last Word) According to economist Donald Boudreaux, the world's tens of billions of individual resources get arranged productively:
A. because government has become highly effective at central planning. B. because private property encourages people to consider the alternative uses of their resources and select those that provide the most rewards. C. because people tend to be creative and orderly. D. through random trial and error.