If a British automobile sells for £20,000 and the British pound is worth $1.50, then the dollar price of the automobile is

Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of

A) barriers to technological adoption. B) barriers to the development of natural resources. C) public education. D) endogenous growth.

According to traditional Keynesian analysis, fiscal policy operates by

A) informing consumers and business people about its plans for the economy so they will know how to adjust their behavior. B) indirectly affecting aggregate demand through its effect on interest rates. C) directly affecting aggregate demand. D) directly affecting aggregate supply.