Monetary policy involves the use of money and credit controls to impact the macroeconomy.
a. true
b. false
a. true
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Assume an attorney who has worked with a large law firm decides to leave to establish his own practice
Even though he is not leaving the company with any physical assets what might be his most important asset? What factors might impede his ability to use this asset and why?
Which of the following asserts that expanding all inputs proportionately does not change the average cost of production?
a. Constant returns to scale b. Diseconomies of scale c. Long-run implicit costs d. Economies of scale
Which of the following would lead to an increase in the supply of ethnic restaurants in a college town?
A) An increase in the wages paid to restaurant workers B) An increase in the price of American chain restaurants, and consumers regard American chain restaurants and ethnic restaurants as substitutes C) An increase in the demand for ethnic restaurants D) All of the above. E) None of the above.
In the DMP model, a decrease in matching efficiency
A) has no effect on vacancies. B) reduces the unemployment rate. C) increases labor market tightness. D) increases the size of the labor force.