Why do the British supply pounds to the dollar-pound market?
a. To buy goods and services from American firms.
b. To buy American assets.
c. To buy stock in American firms on the London stock exchange.
d. Both (a) and (b) are correct.
e. None of the above.
D
Economics
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According to economist Arnold Kling's perspective on the economy, economic activity is best viewed by focusing on
A) aggregate demand. B) the actions of the Federal Reserve. C) changes in spending. D) specialization and trade.
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Who formulated the theory that government borrowing may function like an increase in taxes in the sense of reducing current consumption and business expenditures?
A. David Ricardo B. John Maynard Keynes C. Jean Baptiste Say D. Adam Smith
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