The relationship between money growth rates and inflation between 1982 and 2010 helps explain why, by the 1990s, most economists had
A. adopted the monetarist explanation of inflation.
B. adopted a rules-only approach to monetary policy.
C. become more convinced of the monetary causes of inflation.
D. abandoned monetarism as the primary explanation of inflation.
Answer: D
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The above table shows the total product schedule for the campus book store. If each employee is paid $6 per hour, what is the average variable cost of selling 83 books per hour (assuming labor costs are the only variable costs of production)?
A) $0.43 per book B) $0.07 per book C) $2.30 per book D) $6.00 per book
Use a figure to study the following question: Imagine that the economy is at a point on the DD-AA schedule that is above both AA and DD, where both the output and asset markets are out of equilibrium. Explain what will happen next
What will be an ideal response?
The right to buy a certain number of shares of a company's stock at a particular price is(are) called:
A) Perquisites B) Cash compensation C) Stock-based D) Stock options
Figure 8.12 shows a demand and costs of an unregulated monopoly. This firm must:
A. be a natural monopoly. B. have an exclusive government license. C. be a monopoly because it has a patent. D. be operating in a contestable market.