Monetary policy has ________ impact on the long-run Phillips curve
A) a positive B) no C) a negative D) an unpredictable
B
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Suppose that initially a market is in equilibrium at a price of $10 and a quantity of 5000 units per day. Several months later, the market is in a new equilibrium at a price of $5 and a quantity of 5000 units per day. What happened in the market?
What will be an ideal response?
One problem with the effectiveness of Pigovian taxes is:
A. the tax does not directly compensate those who are affected by the externality. B. knowing whether to impose it on the consumer or producer. C. the tax is always used to benefit those who bear the externalities. D. none of the above is a problem of Pigovian taxes.
User-feedback scores on eBay are an example of:
A. screening. B. building a reputation. C. statistical discrimination. D. None of these statements is true.
The tendency for large banks to have a higher return on equity than small banks suggests:
A. larger banks are better able to escape the cost of regulation. B. there could be significant economies of scale in banking. C. large banks can charge higher interest rates than small banks. D. small banks have better management than large banks.