Which of the following is NOT an alternative rule for monetary policy?
A) an inflation rate targeting rule
B) a natural unemployment rate targeting rule
C) a monetary base instrument rule
D) a nominal GDP targeting rule
E) a money targeting rule
B
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In the United States, each bank panic in the late nineteenth and early twentieth centuries was accompanied by
A) inflation. B) a recession. C) deflation. D) a depression.
For the monopolistically competitive firm, the demand curve it faces will be steeper the:
A. more easily the good can be substituted. B. more complement goods are available. C. less easily the good can be substituted. D. less complement goods are available.
Price discrimination is when a firm charges:
A. the same price to all consumers. B. different prices for different goods to different consumers. C. different prices for the same goods to different consumers. D. None of these is correct.
An increase in the legal reserve ratio:
A. increases the money supply by increasing excess reserves and increasing the monetary multiplier. B. decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier. C. increases the money supply by decreasing excess reserves and decreasing the monetary multiplier. D. decreases the money supply by increasing excess reserves and decreasing the monetary multiplier.