A person who opposes the deliberate use of fiscal and monetary policies is called a(n)
A) Keynesian.
B) fiscalist.
C) nonactivist.
D) activist.
C
You might also like to view...
Which of the following is a reserve target specified in the FOMC directive?
A) Bank reserves B) Commercial bank capital requirements C) Demand deposits D) The prime rate
Since the growth in the money supply is unrelated to government spending, fiscal policy and monetary policy can be conducted independently
a. True b. False Indicate whether the statement is true or false
If the interest rate decreases
a. or if the price level increases, then people will want to hold more money. b. or if the price level increases, then people will want to hold less money. c. or if the price level decreases, then people will want to hold more money. d. or if the price level decreases, then people will want to hold less money.
Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then
A) there will be downward pressure on the wage rate until equilibrium is established. B) right-to-work laws become effective. C) there is a shortage of jobs. D) there is excess demand for labor.