In the long run, the supply curve
A) is more elastic than it is in the short run.
B) is less elastic than it is in the short run.
C) exhibits no systematic sequence of changes in elasticity.
D) exhibits no change in elasticity at all.
A
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The Taylor rule is an example of
A) an instrument rule focused on the monetary base. B) an instrument rule focused on the federal funds rate. C) an instrument rule based on M1. D) a targeting rule focused on the monetary base. E) a targeting rule focused on the federal funds rate.
Three methods the government can use to cope with the external cost from pollution are
A) pollution taxes, subsidies, and outright bans. B) pollution taxes, regulations, and subsidies. C) marketable permits, pollution subsidies, and pollution taxes. D) pollution charges, marketable permits, and pollution limits. E) vouchers, pollution subsidies, and pollution taxes.
If there is an exogenous decrease in investment spending, Monetarists argue that there would be little or no effect on real output because the interest rate would __________,
investment would __________, saving would __________, and consumption would __________. A) decline; increase; increase; decrease B) decline; increase; decrease; increase C) rise; decrease; decrease; increase D) rise; decrease; increase; increase
During the colonial period, the English permitted both silver and gold to move freely in and out of the colonies
Indicate whether the statement is true or false