Author Question: A completely and accurately anticipated expansionary monetary policy will increase real output in ... (Read 157 times)

dalyningkenk · **on:** Jun 30, 2018

A completely and accurately anticipated expansionary monetary policy will increase real output in the short run but not in the long run.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An inefficient manufacturing base is likely to result when:
a. only those goods are produced in which the domestic economy has a comparative advantage.
b. a newly developing economy has no international trade controls.
c. competitive foreign imports are restricted.
d. the economy produces only those goods in which it has technical expertise.
e. producers compete solely on the basis of low cost.