Which is not a fixed cost?
a. monthly rent of $1,00 . with a 12 month lease
b. an insurance premium of $50 per year, paid last month
c. Tax accountant's salary
d. labor costs paid per hour
d
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Everything else held constant, an increase in the currency ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
According to Keynesian economists, monetary policy is __________ effective at changing the price level and Real GDP
A) always B) sometimes C) never D) There is no Keynesian position with respect to monetary policy.
A domestic monetary shock is least disruptive
A. under a floating exchange-rate system. B. under both fixed and floating exchange rates. C. under a fixed exchange-rate system without sterilization. D. under a fixed exchange-rate system with sterilization.
During the time period represented in Figure 7.1, Country A
A. Had no need for COLAs. B. Experienced periods of both inflation and deflation. C. Never achieved the inflation goal set by the Full Employment and Balanced Growth Act of 1978. D. Experienced only inflation.