In a model with money neutrality, how much should the money supply be increased to obtain a 1% increase in nominal output?
A) -1%
B) between 0 and 1%
C) 1%
D) It cannot be done.
C
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Define "stagflation" and explain how it can be created
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You have received your advanced degree in biochemistry with a specialty in recombinant DNA technology. Your colleagues wish to form a partnership to research adenovirus vectors
Your legal counsel advises you on the following aspects of a partnership, yet you tell her, based on your knowledge of economics, that you think one of the following points is INCORRECT. A) An advantage of the partnership would be that it is relatively easy to form, almost as easy as forming a proprietorship. B) The income of the partnership is treated as personal income and is subject only to personal taxation rates. C) The personal assets of each partner should be safe and would not necessarily be at risk due to claims by financial institutions. D) Partnerships often help reduce the costs of monitoring job performance in situations in which it is difficult to measure objectively.
McKeown's (1976) research attributed the majority of the secular decline in mortality rates in Europe and North America to
a. better nutrition and housing. b. improved sanitary conditions. c. clean water and waste disposal. d. reduced exposure to diseases. e. better medical care.
The short-run aggregate supply (SRAS) curve shows the quantity
A) demanded of all goods and services at different price levels, ceteris paribus. B) supplied of all goods and services at a particular price level, ceteris paribus. C) supplied of all goods and services at different price levels, ceteris paribus. D) supplied of GDP at a particular price level, ceteris paribus.