Which of the following statements would you say best reflects monetary policy?
A. It is a hard and fast science.
B. It is a lot like gambling because the outcomes are most of the time uncertain.
C. Its impact is impossible to predict.
D. There is certainly some science involved, a lot of understanding that is needed, but a lot of uncertainty still remains.
Answer: D
You might also like to view...
Looking at the historical values for annual inflation in the United States as measured by the Consumer Price Index, it is clear that inflation was
A) higher on average during the 1990s than during the 1970s. B) higher on average during the 2000s than during the 1970s. C) never less than 0 percent at any time during the last 50 years. D) higher on average during the 1970s than during the 1980s. E) was never greater than 10 percent at any time during the last 50 years.
Nash equilibria are stable because
A) they involve dominant strategies. B) they involve constant-sum games. C) they occur in noncooperative games. D) once the strategies are chosen, no players have an incentive to negotiate jointly to change them. E) once the strategies are chosen, no player has an incentive to deviate unilaterally from them.
The contemporary consensus with regard to stabilization policy is that
a. fiscal policy is, for now, the "only game in town." b. fiscal policy is more effective than monetary policy. c. monetary policy is, for now, the "only game in town." d. monetary policy is slightly more effective than fiscal policy.
Exhibit 6-16 Long-run average cost curves
?
Which firm in Exhibit 6-16 displays a long-run average cost curve with economies of scale throughout the range of output shown?
A. Firm A. B. Firm B. C. Firm C. D. Firms A and B.