For the following policy, indicate whether it will or will not increase the rate of economic growth in the United States. C. Congress provides more funds for low-interest loans to college students. It is likely that the rate of economic growth will ____________
Fill in the blank(s) with the appropriate word(s).
Answer: increase
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Under a gold standard, if the market price of gold is above the official price of gold (set by the monetary authority), people will be more likely to sell gold __________________, which will cause the money supply to _______________ and the price level.to _______________
A) to the monetary authority; fall; fall B) to the monetary authority; rise; rise C) in the gold market; fall; fall D) in the gold market; rise; rise
In an economy experiencing hyperinflation, we expect to observe
A) an increase in the demand for money and an increase in velocity. B) an increase in the demand for money and a reduction in velocity. C) a decrease in the demand for money and an increase in velocity. D) a decrease in the demand for money and a reduction in velocity.
Which of the following is false?
A. The monopolist and perfect competitor both produce where MC equals MR. B. A monopoly is a firm that produces all the output in an industry. C. If a monopolist is losing money, it is in the long run. D. Price is read off the demand curve for the monopolist.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to the monetarists, a recession can be caused when
A. AS1 shifts to the left. B. AD1 shifts to the left. C. LRAS shifts to the left. D. AD1 shifts to the right.