Which of the following schools of thought believes that the major source of the macroeconomic problems are the disequilibria in the private labor and goods market?
a. Keynesians and new Keynesians
b. Only monetarists
c. Only new classical economists
d. Monetarists and new classical economists
e. Monetarists and Keynesians
a
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The third stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.
In a constant-cost industry, a decrease in price causes:
A. some firms to exit the industry. B. quantity supplied to remain constant. C. some firms to enter the industry. D. price controls.
If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
A) 3/4 B) 4/5 C) 5/6 D) 1
The U.S. government acts as a lender of last resort to commercial banks
Indicate whether the statement is true or false