Information on money growth is available to the public with ________ lags, causing difficulty for the ________ of the New Classical approach
A) long, Friedman but not Lucas version
B) long, Lucas but not Friedman version
C) long, Friedman and Lucas versions
D) short, Friedman and Lucas versions
E) short, Friedman but not Lucas version
D
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In order to increase the supply of a good, producers must
A) convince consumers to reduce the quantity demanded. B) see an increase in quantity supplied by competitors. C) reduce their per-unit costs of producing the good. D) cut back on labor to reduce production costs.
Which of the following macroeconomic variables is most dependent on whether the government pursues an active approach to policy or a passive approach to policy?
a. Aggregate supply b. Aggregate demand c. Money demand d. Money supply e. Interest rate
Newly constructed homes are classified as
a. private consumption b. housing services c. housing supply d. investment e. construction.
In order to produce 100 oatmeal cookies, Goodie Cookie Co incurs an average total cost of $0.25 per cookie. The company's marginal cost is constant at $0.10 for all oatmeal cookies produced. The total cost to produce 50 oatmeal cookies is _____
a. $25 b. $20 c. $50 d. $60