The money-stock target is preferable when uncertainty is the result of unpredictable shifts in which of the following?
a. expectations in future profitability
b. Residential construction investment
c. the money multiplier
d. Both a and b
e. All of the above
D
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If this year's price level is 126 and last year's price level was 120, the inflation rate is ________
A) 0.95 percent a year B) 5 percent a year C) 6 percent a year D) 1.05 percent a year
In response to an increase in AD: a. The price level will increase more in the long run than in the short run
b. Real output will increase more in the long run than in the short run. c. Both the price level and real output will increase more in the long run than in the short run. d. Neither the price level nor real output will change in the long run.
When the government's budget deficit increases
a. the government is borrowing less and public savings falls. b. the government is borrowing less and public savings increases. c. the government is borrowing more and public savings falls. d. the government is borrowing more and public savings increases.
Which of the following is a stock?
A. Saving B. Income C. Wealth D. Consumption