To the monetarists, the key to maintaining stable economic growth is
A. balancing the federal budget.
B. maintaining adequate aggregate supply.
C. maintaining a constant and low increase in money supply.
D. maintaining adequate aggregate demand.
C. maintaining a constant and low increase in money supply.
You might also like to view...
Apple, the consumer electronics giant, on Tuesday rolled out new versions of its popular iPod music player. CEO Steve Jobs also unveiled cheaper models of its Touch music player, a touchscreen-only device
An 8-gigabyte version now costs $230, down from $300. A 32-gigabyte model costs $400, down from $500. Calculate the price elasticity of demand for a 32 gigabyte Touch player if the quantity demanded increases from 850,000 to 950,000 the month after the price decrease. A) 0.5 B) 1.5 C) 1 D) 0.75
Which government entity calculates GDP in the United States on a quarterly basis?
A) the Treasury Department B) the Commerce Department C) the Federal Reserve D) all of the above E) none of the above
When the price of a good changes, the total effect of the price change on the quantities purchased can be found by comparing the quantities purchased
A) on the old budget line and the new budget line. B) on the original indifference curve when faced with the original prices and when faced with the new prices. C) on the new budget line and a hypothetical budget line that is a parallel shift back to the original indifference curve. D) on the new indifference curve.
According to the expectations hypothesis, if investors believed that, for a given holding period, the average of the expected future short-term yields was greater than the long-term yield for the holding period, they would act so as to drive:
A. down the price of the short-term bond and drive up the price of the long-term bond. B. up the prices of both the short- and long-term bonds. C. down the prices of both the short- and long-term bonds. D. up the price of the short-term bond and drive down the price of the long-term bond.