Mercantilism held that
A) silver alone was the mainstay of national wealth.
B) gold alone was the mainstay of national wealth.
C) silver and gold were the mainstays of national wealth.
D) silver and gold are not important for national wealth of a country.
E) labor forces were the mainstay of national wealth.
C
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Figure 5.1 provides support for the Fisher effect, by ________
A) displaying a positive relationship between the inflation rate and the nominal interest rate B) showing how developed economies like the U.S. and Japan have less inflation than economies like Turkey and Indonesia C) focusing on short-run fluctuations, rather than long run averages D) plotting observed, rather than expected inflation E) showing that output is unaffected by changes in the money supply
The Internet might alter incentives of firms in locating their stores
Indicate whether the statement is true or false