Optimization in levels calculates:
A) only the costs of an alternative and not the benefits.
B) the total net benefits of different alternatives.
C) the change in net benefits resulting from a shift from one alternative to another.
D) only the benefits of an alternative and not the costs.
B
You might also like to view...
If money is superneutral,
A) a one-time change in the money supply has no real impact. B) a one-time change in the money supply has a real impact. C) a change in the money growth rate has no real impact. D) a change in the money growth rate has a real impact.
The income and living standards of a nation will increase when
What will be an ideal response?
What are open market operations? If the economy is experiencing a recession, what kind of open market operations should the Fed undertake?
What will be an ideal response?
In the long run, when the Fed increases the quantity of money the
A) no real variable changes. B) price level falls. C) real interest rate rises. D) nominal interest rate falls.