Which of the following is correct?
a. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures.
b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
c. Monetarists believe there is a direct link between changes in a nation's money supply and changes in expenditures.
d. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
e. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
.C
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Vouchers create the efficient outcome only if production is such that the marginal social cost
A) exceeds the marginal private benefit. B) equals the marginal external benefit. C) equals the marginal social benefit. D) is decreased so it equals the marginal private cost.
Which of the following are substitute goods?
A) margarine and butter B) peanut butter and jelly C) pizza and beer D) sports utility vehicles and gasoline