How would you describe the consensus of economic thinking on anti-inflationary policies?
What will be an ideal response?
The basic issue is that money plays a central role. A specific country's economic and political situation may require heterodox measures to control runaway inflation, but these are likely to fail without demand (and money supply) restraint.
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Which of the following is not a determinant of the demand sensitivity to price changes?
a. The number of producers in the market. b. The availability of substitute goods. c. Income level. d. Time to adjust.
What was the an effect of the Sherman Antitrust Act?
(A) John D. Rockefeller formed the Standard Oil Trust as a protected natural monopoly. (B) The federal government won the power to prevent monopolies and mergers that interfered with trade between states. (C) Microsoft required personal computer manufacturers to include its web browser with the Microsoft Windows operating system. (D) The federal government repealed regulations that controlled the airline and trucking industries.
A point inside a production possibilities curve indicates
A. resources are not being used efficiently. B. an output combination that is unobtainable with the current resource and technology levels C. resources are being used very efficiently. D. opportunity costs are constant.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C