The market process is dynamic

Indicate whether the statement is true or false

True

Economics

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A factor of production that has been produced for use in the production of other goods and services is:

A) labor. B) money. C) capital. D) natural resources.

Economics

If prices in the New Keynesian model were perfectly flexible, then

A) there would be a role for monetary policy. B) the output gap would be positive. C) the equilibrium real interest rate would be the natural rate of interest. D) the output gap would be negative.

Economics