Which of the following groups believes that the money supply is the critical policy lever?
A. Marxists.
B. Supply-siders.
C. Monetarists.
D. New classical economists.
Answer: C
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The investment schedule is downward sloping and the saving schedule is upward sloping with respect to the interest rate. Suppose the equilibrium real investment per year at the market rate of interest is $1 trillion. How is this represented when real national income per year is on the horizontal axis? How is this incorporated into the consumption-function graph?
What will be an ideal response?
Why are trade agreements between the U.S. and Mexico more controversial than trade agreements between the U.S. and Canada?
What will be an ideal response?
Which of the following is NOT a characteristic or focus of microeconomics?
A) individual consumers. B) analysis of aggregate economic variables C) firm behavior D) individual markets
Network effects on the Internet:
A. help firms like Google and Facebook dominate their respective markets. B. allow many firms to operate, making Internet markets highly competitive. C. cause economies of scale to be exhausted quickly. D. create a level playing field for all types of media, communication, and commerce on the Internet.