When demand for money is unstable,
A) a constant interest-rate policy will be superior to a policy of constant money-supply growth.
B) constant money-supply growth will be superior to a countercyclical monetary policy.
C) procyclical monetary policy would be needed to keep the interest rate constant.
D) Both A and C are correct.
A
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If you have $1,000 in wealth and the price level increases by 20 percent, then
A) the $1,000 will buy fewer goods and services. B) the $1,000 dollars will buy 20 percent more goods and services. C) the real value of the $1,000 increases. D) you will be able to buy fewer goods, but the real value of those goods will increase.
When marginal utility is negative, then total utility is
a. positive b. decreasing c. zero d. increasing e. infinite
In 2012, approximately what percent of the national debt was held by federal government agencies?
a. 1 percent b. 19 percent c. 29 percent d. a little more than 80 percent
Human capital does not improve with
A. higher learning. B. on-the-job training. C. higher wages. D. learning on the job.