Nonactivists favor
A) the use of fiscal policies to manage the economy.
B) the use of monetary polices to manage the economy.
C) fine-tuning.
D) rules for conducting monetary and fiscal policies.
D
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Which of the following statements can used to describe efficiency?
I. Efficiently using resources means that producers make the highest profits possible. II. Using resources efficiently means that we cannot produce more of one good without producing less of another good that has a higher value. III. Resource use is efficient when we produce goods and services that people value most highly. A) I only B) I and II C) II and III D) I, II and III
An important feature of money market mutual fund shares is
A) deposit insurance. B) the ability to write checks against shareholdings. C) the ability to borrow against shareholdings. D) claims on shares of corporate stock.
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. output, causing it to definitely increase. C. prices, causing them to definitely rise. D. prices, causing them to definitely fall.
The most dramatic and rapid increases and decreases in exchange rates occur in the
a. very short run b. short run c. long run d. very long run e. triangular arbitrage market