The monetary stimulus enacted in the fall of 2001 provides support for those economists who favor
A. stable money supply growth.
B. activist monetary policy.
C. rules-governed monetary policy.
D. fixed rates of growth for the money supply.
Answer: B
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If resources are misallocated in a perfectly competitive market, then, in the long run, profit opportunities will:
A. bring about a less efficient allocation of resources. B. bring about a more efficient allocation of resources. C. not bring about a reallocation of resources unless firms are subsidized. D. not bring about a reallocation of resources unless there is government regulation.
A flow is a measure defined:
A. in real terms. B. in nominal terms. C. per unit of time. D. at a point in time.
What will happen if an economy transforms from being extractive to being inclusive?
A) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase. B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease. C) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase. D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease.
Along a downward-sloping, linear demand curve, total revenue is the greatest
A) where demand is unit elastic. B) where demand is normal. C) where demand is the most elastic. D) where demand is the most inelastic.