The mainstream view is that macro instability is caused by:
A. erratic growth of the nation's money supply.
B. government interference in the economy.
C. significant changes in investment spending.
D. consumption "booms" and "busts."
C. significant changes in investment spending.
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Fiscal policy affects the economy
A. only in the short run. B. only in the long run. C. in both the short and long run. D. in neither the short nor the long run.
The market for soybeans in Canada consists solely of domestic buyers of soybeans and domestic sellers of soybeans if
a. consumer surplus equals producer surplus in the Canadian soybean market. b. total surplus exceeds consumer surplus in the Canadian soybean market. c. Canada permits international trade in soybeans. d. Canada forbids international trade in soybeans.