Goal independence is the ability of ________ to set monetary policy ________
A) the central bank; goals
B) Congress; goals
C) Congress; instruments
D) the central bank; instruments
A
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Stable velocity of money is crucial component of the
a. monetarist model. b. Keynesian model. c. new Keynesian model. d. IS-LM model.
In the short-run, a monopoly is most likely to achieve
a. An average rate of return b. Above average profits c. Economic Profits d. Both B&C
The international treaty established to negotiate lower trade restrictions is known as the
a. World Bank Act b. General Agreement on Tariffs and Trade (GATT) c. International Association for Free Trade (IAFT) d. Countries United for Free Trade (CUFT) e. International Development Fund
Since a firm in perfect competition is a price taker, the demand curve for the firm's product is a horizontal line
a. True b. False Indicate whether the statement is true or false