In the New Keynesian model,
A) money is neutral.
B) money is fixed.
C) monetary policy has a real impact.
D) prices are countercyclical.
C
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As a result of advances in technology, cellular telephones have become cheaper to produce. Illustrate the effect of this change on the market for cellular telephones
What will be an ideal response?
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labor while the price of capital remains unchanged?
A) the movement from BF to CE B) the movement from BF to BD C) the movement from AF to BD D) the movement from AF to CE
As the price of a good rises:
A. firms generally decrease the supply of the good. B. government regulation becomes more justified. C. more firms can cover their opportunity cost of producing the good. D. firms generally increase the supply of the good.
OLS is biased and inconsistent when applied to a structural equation in a simultaneous equations system.
Answer the following statement true (T) or false (F)