Comparing ________ can give us some sense of what the multiplier actually is in the economy.
A. hard money to fiat money
B. hard money to M2
C. M1 to M2
D. hard money to M1
Answer: B
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Most of the pressure for a monetary growth rule has disappeared because since 1980
A) the relationship between movements in interest rates and movements in real GDP and the price level have become much weaker. B) the relationship between movements in the money supply and movements in real GDP and the price level have become much stronger. C) the relationship between movements in the money supply and movements in real GDP and the price level have become much weaker. D) the relationship between movements in interest rates and movements in real GDP and the price level have become much stronger.
If you are running a winery and you need one bottle for every 750ml of wine, then your production function
A) is inefficient. B) is considered "fixed-proportion." C) will have a diminishing marginal rate of technical substitution. D) has downward-sloping, straight line isoquants.
Each firm in a cartel has an incentive to chisel because market price exceeds
a. marginal cost. b. average cost. c. average variable cost. d. average fixed cost.
An increase in government spending is likely to lead to decreasing inflation
A. regardless of the state of the economy. B. if the economy is not doing well. C. under no circumstances. D. if the economy is doing well.