The monetary stimulus enacted in the fall of 2001 provides support for those economists who favor
a. stable money supply growth.
b. activist monetary policy.
c. rules-governed monetary policy.
d. fixed rates of growth for the money supply.
b
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Each user of a common property imposes a negative externality on its other users. 2. The producer of a public good creates a positive externality, so that such goods tend to be overproduced. 3. The tragedy of the commons is a situation where too much of an input is used by individuals, collectively making each individual worse off. 4. When people have identical tastes, an increase in the demand for a common property's use will increase the social gain it creates. 5. People use a common property up to the point where the marginal cost of using it equals the social marginal benefit received from it.
In United States history there were long periods when most prices fell
a. True b. False Indicate whether the statement is true or false
The terms of trade between two countries refer to
A. The terms set by the World Trade Organization for trade. B. The rules governing trade between the two countries. C. The amount of good A given up for good B. D. What price the two countries agree upon for their imports and exports.
Assume Dell Computer CompanyTM operates in a perfectly competitive market producing 5,000 computers per day. At this output level, price exceeds this firm's marginal cost. It follows that producing one more computer will cause this firm's
A) total cost to decrease. B) profits to increase. C) profits to decrease. D) profits to remain unchanged.