Economists who support a monetary rule as opposed to an activist monetary policy believe that the effectiveness lag in monetary policy is
A) short and variable, policy changes affect AD quickly and are predictable.
B) zero, policy changes have an immediate effect on expenditures.
C) long and variable, policy changes affect AD slowly over time and are unpredictable.
D) long, but predictable.
C
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Calculate the average, for each country of kiwi harvest
What will be an ideal response?
The Gulf Cartel and Sinaloa Cartel are the two major cartels in illegal drug trade in Mexico. Although, each of these cartels are better off sharing the market, they have an incentive to try to take the entire market. In which of the following ways is cheating among these cartel members dealt with in this region?
a. Through government taxation policy b. Through legally enforceable contracts c. Through restrictions on the supply of inputs used by the firms d. Through output quota and price ceiling e. Through violence and drug wars
A Chow test _____.
A. is used to test the presence of heteroskedasticty in a regression model B. is used to determine how multiple regression differs across two groups C. cannot detect changes in the slope coefficients of dependent variables over time D. cannot be computed for more than two time periods
Money serves as a store of value when:
A. there is direct trade of goods and services. B. it is a basic measure of economic value. C. it is a means of holding wealth. D. it is used to purchase goods and services.