Monetarists argue that stability in the economy is maintained by fluctuations in
A) velocity.
B) money demand.
C) money supply.
D) the price level.
D
You might also like to view...
Suppose that a firm produces both steel and electricity. It is cheaper for this firm to produce both goods than it would be if they were produced by two separate firms. Further, as this firm increases its production levels of both products, the average cost of producing steel rises, while the average cost of producing electricity remains constant. This firm experiences:
A. economies of scope, diseconomies of scale in the production of steel and constant returns to scale in the production of electricity. B. economies of scope, economies of scale in the production of steel and constant returns to scale in the production of electricity. C. diseconomies of scope, economies of scale in the production of steel and constant returns to scale in the production of electricity. D. diseconomies of scope, diseconomies of scale in the production of steel and increasing returns to scale in the production of electricity.
__________________ is the crucial characteristic of monopolistic competition.
A. Product differentiation B. Price discrimination C. Economies of scale D. Identical products
Which of the following is an example of structural unemployment?
A. An autoworker who is temporarily laid off from an automobile company due to a decline in sales. B. A geologist who is permanently laid off from an oil company due to a new technological advance. C. A worker at a fast-food restaurant who quits work and attends college. D. A real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California.
Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the:
A. Buyer and the government B. Seller and the government C. Taxpayer and the government D. Buyer and the seller