Economists often refer to the government revenue obtained from money creation as:
A) liquid revenue. B) windfall revenue.
C) an inflation tax. D) a supplementary tax.
C
Economics
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Farmers can use their land to grow soy beans or corn. If the price of corn rises,
A) the supply of soybeans decreases and the soybean supply curve shifts leftward. B) the supply of soybeans increases. C) the supply of corn increases and the corn supply curve shifts rightward. D) the supply of corn increases.
Economics
New Keynesians would agree with all of the following except
a. stabilization policy can reduce the severity of business cycles. b. wages and prices are sticky. c. markets are perfectly competitive. d. market equilibrium is often suboptimal.
Economics