M1 is considered ___________ measure of money compared to M2.
A. a more legitimate
B. a less legitimate
C. just as legitimate a
D. a more stable
C. just as legitimate a
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Over the long run and across countries, there is evidence of ________ between the growth rate of the money supply and the inflation rate
A) no relationship B) a weak link C) a strong link D) a negative relationship
A major goal of federal government policy is to eliminate frictional unemployment
a. True b. False Indicate whether the statement is true or false
The marginal principle ________ to the determination of the efficient level of pollution abatement because ________.
A. applies; there are tradeoffs in terms of the costs and benefits of pollution abatement B. applies; pollution abatement causes greater harm than benefits C. does not apply; it is immoral to trade a dirtier environment for material wealth D. does not apply; the costs and benefits of pollution abatement cannot be measured
Which is NOT a potential cost faced by nations that choose against repaying their debts?
A. A loss of foreign assets B. Domestic recession C. Moral hazard D. A loss of future creditworthiness