Monetarists argue that business fluctuations are caused by
A. excessive government spending.
B. ups and downs in the growth of the money supply.
C. changes in tax rates.
D. changes in transfer payments.
B. ups and downs in the growth of the money supply.
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People pursue ________ projects in the market and ________ projects in government
A) their own; their own B) their own; others' C) private; public D) individualistic; socialistic
An economy's production possibilities frontier is fixed in the long run
a. True b. False
If the rate of interest is fixed, a profit-maximizing firm will employ capital up to the quantity where MRP = interest rate
Indicate whether the statement is true or false
Which of the following is the best indication that stagflation is occurring?
A. Rising unemployment rate and rising inflation rate. B. Falling unemployment rate and rising inflation rate. C. Rising unemployment rate and falling inflation rate. D. Falling unemployment rate and falling inflation rate.