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Neoclassical economists say that changes in ____________________ don’t do much other than increase output and lower unemployment in the short run.

When we say something is a “medium of exchange,” what do we mean?

You’re being efficient when:

Which of the concepts below is a Keynesian principle?

According to the standard argument, why do foreign firms engage in dumping when it causes them to lose money?

What is meant by opportunity cost?

What do you call extra regulations, inspections, paperwork and so forth that makes it more difficult or expensive for foreign products to enter a country?

As a country trades more with other nations, jobs in that country move away from sectors where that economy does not have a _________ advantage and toward sectors where it has a __________ advantage.

The neoclassical view of how the macroeconomy adjusts is based on the insight that even if wages and prices are sticky in the short run, they can be flexible over time.

Which of the following characteristics relate to splitting up the value chain?