Which of the following is correct?
a. Monetarists believe there is a direct link between changes in a nation's money supply and changes in expenditures.
b. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
c. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
d. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures.
e. None of the above.
.A
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Autarky is a situation in which a country
A) only imports products. B) only exports products. C) does not trade with other countries. D) has no absolute advantage in any production.
Why would someone buying a meal deal at a fast food restaurant be part of the product market?
a. Neither party involved is a firm. b. Neither party involved represents a household. c. A household is trading a product to another household. d. A household is buying a product from a firm.