According to monetarists, a fiscal deficit will be associated with an increase in real output:
A. regardless of the character of accompanying changes in M or V.
B. only if it is accompanied by an increase in the demand for money.
C. only if it is accompanied by an increase in the supply of money.
D. only if it is financed by selling government bonds to the public.
C. only if it is accompanied by an increase in the supply of money.
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Since World War II, the likelihood that any single item in the typical consumption basket of a consumer in the U.S. originated outside of the U.S
A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
The ceteris paribus assumption means
A) favors are returned in kind. B) this is the proof of the matter. C) from many, one. D) other things are equal.