Suppose the money demand curve shifts rightward. Which of the following is true about the alternative policy options available with the Fed?
What will be an ideal response?
The Fed can keep the interest rate from rising only if it increases the money supply.
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Which of the following is a true statement?
a. GDP per capita does not account for the difference in the cost of living among nations. b. The LDC classification is of the questionable accuracy. c. All of the answers are correct. d. GDP per capita is affected by exchange rate changes. e. GDP per capita ignores the degree of income distribution.
Which of the following is an example of paradigm innovation:
A. Windows computer operating system B. Energy-saving light bulbs C. The latest model of the Honda Civic D. Rechargeable batteries
Based on the graphic for perfect competition versus monopoly, the consumer surplus for monopoly is ______ the welfare for monopoly.
a. greater than
b. less than
c. equal to
d. the opposite of
Monetary regimes
A. allow the greatest policy flexibility. B. follow the Taylor rule. C. involve feedback rules. D. are created to undermine expectations.