A monetarist would advocate decreasing the growth rate of money supply during a recession.
Answer the following statement true (T) or false (F)
False
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One of the objectives of supply-side policies is to
A. focus attention on the trade-off between inflation and unemployment. B. sharpen the trade-off between inflation and unemployment. C. eliminate the trade-off between inflation and unemployment. D. convince the public of the trade-off between inflation and unemployment.
If a certain automotive part can be purchased in Mexico for 60 pesos or in the United States for $6.25 and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:
A. is more expensive in the United States. B. is less expensive in Mexico. C. is less expensive in the United States. D. costs the same in Mexico and the United States.
Exhibit 2-4 Production possibilities curve data A B C D E Capital goods 0 10 20 30 40 Consumer goods200 180 140 80 0 In Exhibit 2-4, choose the best production alternative if the only goal of the economy is investment.
A. A B. C C. E D. All production alternatives represent the same level of investment because all are efficient.
Compared to Canada, Japan, Germany, and France, Social Security expenditures as a percentage of GDP of the United States is approximately
a. 12 percent and ranks among the lowest percent of the countries b. 47 percent and ranks among the lowest percent of the countries c. 12 percent and ranks among the highest percent of the countries d. 47 percent and ranks among the highest percent of the countries e. 77 percent and ranks among the highest percent of the countries