A business cycle expansion increases income, causing money demand to ________ and interest rates to ________, everything else held constant

According to the possible trade-off example between warships and drinking water in the text, the policy question that should be considered in Malaysia is

A) do the real costs of the warships exceed their nominal costs? B) do the opportunity costs of the warships exceed their nominal costs? C) do the benefits of the warships exceed their opportunity costs? D) do the nominal costs of the warships exceed their real costs?

Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995, to places that were considered "corrupt" by international organizations

Indicate whether the statement is true or false