If the relationship between the monetary aggregate and the goal variable is weak, then
A) monetary aggregate targeting is superior to exchange-rate targeting.
B) monetary aggregate targeting is superior to inflation targeting.
C) inflation targeting is superior to exchange-rate targeting.
D) monetary aggregate targeting will not work.
D
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If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, the price elasticity of demand is ____, indicating the demand is ____.
A. 2; elastic B. 2; inelastic C. 0.5; elastic D. 0.5; inelastic
If aggregated demand is less than actual output, unplanned inventory ________ will cause output to ________
A) accumulation; rise B) depletion; fall C) depletion; rise D) accumulation; fall
The growth in income inequality in the United States since the early 1980s has been driven primarily by the dramatic:
A. increase in real incomes for the top 20 percent of earners. B. increase in real incomes for the top 10 percent of earners. C. decrease in real incomes for the bottom 20 percent of earners. D. increase in real incomes for the top 1 percent of earners.
When the marginal utility of the first good drops lower than that of a second good, it is rational for a consumer to ______.
a. buy mostly the first good and a little of the second good b. buy mostly the second good and a little of the first good c. buy only the second good until the marginal utility equalizes d. buy only the first good until the marginal utility equalizes