The relationship between the quantity of money balances demanded and the interest rate is
A) contractionary monetary policy. B) determined by open market operations.
C) negative. D) the reserve requirements.
C
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According to New Keynesians, which of the following is one of the two key factors that determines the inflation rate?
A) stock prices B) oil prices C) fiscal policy D) anticipated future inflation
Which is a behavioral economics justification for limiting advertising directed towards children?
A) Children have no money. B) Children pester their parents too much. C) Children have no memory. D) Children do not always have transitive preferences.
Suppose the local government will determine if a contracting firm will be given a job based on rolling a fair die. If a four or above appears after the die has been rolled, the contracting firm will be given the job. The managers of the contracting firm will use ________ probabilities to estimate the likelihood that their firm will be given the job.
A) unknown B) subjective C) objective D) relative
Establishing rules for voter registration is an example of a(n)
A) economic function of government. B) political function of government. C) public good. D) transfer payment.