Japan exports cars to the other countries of the world. In an open economy Japan is most likely to have a domestic price that is ________ the world price of cars.

Razor handles and razor blades are examples of goods that are substitutes.

a. true b. false

Monetarists argue that the Federal Reserve should allow the money supply to grow:

a. counter to the business cycles. b. faster than 10 percent annually. c. only during recessions. d. at a constant rate.