The correct chain of causation illustrating the changes caused by monetary policy is
A. money, interest rates, C + I + G + (X ? IM), I.
B. money, interest rates, I, C + I + G + (X ? IM).
C. C + I + G + (X ? IM), I, interest rates, money.
D. I, C + I + G + (X ? IM), money, interest rates.
Answer: B
You might also like to view...
Which of the following are considered factors of production used to produce goods and services? I. Land II. Labor III. Capital IV. Entrepreneurship
A) I and II only B) I and III only C) I, II and III only D) I, II, III and IV
Graphing the data in the above table with the number of workers on the horizontal axis and the average cost on the vertical axis, the graph would show
A) first a negative and then a positive relationship. B) a horizontal line. C) no relationship. D) a linear relationship.
In an auction where the bidders values are $400, $500, $650, $800 and $850, the highest two bidders form a bid-rigging cartel. What would be the winning bid in this auction?
a. $501 b. $651 c. $801 d. $846
If the equilibrium quantity of a good is also the socially optimal quantity, then:
A. the marginal cost to producers of another unit of the good is zero. B. it's possible to make at least one person better off without hurting anyone else. C. the marginal benefit to consumers of another unit of the good is zero. D. total economic surplus has been maximized.