We see evidence of shortages when we see scarce goods beginning to be acquired by
A) price decreases.
B) rising nonmoney costs.
C) the money price.
D) unfair means.
B
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Having interest rate stability
A) allows for less uncertainty about future planning. B) leads to demands to curtail the Fed's power. C) guarantees full employment. D) leads to problems in financial markets.
How is the quantity theory of money different from the quantity equation, and why must the quantity equation always be true?
What will be an ideal response?
One of the practical issues in the choice of government spending or taxes to change aggregate demand is how large a
a. change in demand we want. b. trade deficit we want. c. budget deficit we want. d. government sector we want.