Most economists believe that
a. a monetary policy that achieves price stability will reduce uncertainty and provide the framework for strong economic growth.
b. demand stimulus policies will reduce the long-term average rate of unemployment.
c. expansionary monetary policy, if persistently followed, will reduce nominal interest rates.
d. inflation is primarily the result of large budget deficits and other elements of expansionary fiscal policy.
A
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Not all in-kind transfers represent an improved standard of living
Indicate whether the statement is true or false
In long-run equilibrium, which of the following is not equal to price for a perfectly competitive firm?
a. Short-run average variable cost. b. Long-run average total cost. c. Short-run marginal cost. d. Short-run average total cost.
Which of the following were not actions taken by the Federal Reserve in order to stimulate the economy during the recession of 2007-2009?
a. decreasing the discount rate b. suspending trading on the major stock exchanges c. massive lending to banks d. open market purchases of assets other than Treasury bills
If the firm is minimizing losses, total loss will be
A. OMKE.
B. EKQN.
C. NQHG.
D. FIHG.