The widespread, but not universal, consensus among economists would be to respond to
A) an adverse supply shock with an accommodating policy.
B) an adverse supply shock with an extinguishing policy.
C) an adverse demand shock with a policy to offset the shock.
D) all of the above.
C
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Bank holding companies that rival money center banks in size, but are not located in money center cities are
A) superregional banks. B) bank clearing houses. C) international banks. D) local banks.
Jill consumes nothing but soup and cola. It is possible that both soup and cola are necessities for Jill
Indicate whether the statement is true or false
When indifference curves have ________ marginal rates of substitution, any interior choice that satisfies the tangency condition is the best affordable choice.
A. constant B. increasing C. declining D. positive
Who is best known for arguing about the fine tuning of monetary policy?
A) Friedman B) Keynes C) Modigliani D) Greenspan E) Bernanke