According to the Monetarists, the real effect of monetary policy on output is
a. long-lasting and unpredictable.
b. predictable and beneficial.
c. nonexistent in the short run.
d. always less than fiscal policy
A
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
The statement of assets and liabilities of an entity is referred to as:
A) the balance of payments. B) a balance sheet. C) an asset-liability sheet. D) a profit and loss statement.
Assume the market for used single-family homes is initially in equilibrium. All else constant, an increase in home foreclosures would cause equilibrium price and quantity to decrease
Indicate whether the statement is true or false
Many companies monitor their employees' Internet use and email. Why might they be doing this?
A) Because they like to spy. B) In order to improve morale. C) To gain inside information on new consumer trends. D) To reduce shirking.