Monetarists emphasize
a. crowding-out but not the liquidity trap.
b. crowding-out and the liquidity trap.
c. the liquidity trap but not crowding-out.
d. neither crowding-out nor the liquidity trap.
A
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GDP excludes:
A. the market value of unpaid work in the home. B. the production of services. C. the production of nondurable goods. D. positive changes in inventories.
The most important difference between domestic governments and international organizations is that:
A. domestic governments are more effective since national self-interest is not constrained by international obligations. B. international organizations are less effective since they have no means of forcing members to comply. C. domestic governments are less effective because they are more concerned about international public opinion. D. international organizations are more effective since membership is voluntary.