Those economists who believe that monetary policy is more powerful than fiscal policy argue that the
a. LM curve is vertical.
b. IS curve is horizontal.
c. interest rate elasticity of investment is large.
d. interest rate elasticity of investment is small.
C
Economics
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The net benefits that a nation receives from trade are called its gains from trade.
a. true b. false
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In the long run, an entrepreneur who owns a perfectly competitive firm will earn an income just equal to what she could earn in the next best alternative use of her time
a. True b. False
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