If the Friedman rule for long-term monetary policy were implemented, the result would be

A) inflation.
B) neither inflation nor deflation.
C) deflation.
D) hyperinflation.


C

Economics

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What does diminishing marginal product imply?

a. The marginal product of an extra worker is greater than the previous worker's marginal product. b. The marginal product of an extra worker is less than the previous worker's marginal product. c. The marginal cost of an extra worker is unchanged. d. The marginal cost of an extra worker is less than the previous worker's marginal cost.

Economics

If the marginal propensity to save in a closed economy is 0.25 and a lump-sum tax is imposed, the slope of the economy's aggregate expenditures schedule will be

A. .25. B. less than the slope before the tax. C. greater than the slope before the tax. D. .75.

Economics

Courts must approve ________, that is, formal agreements on remedies between all parties to an antitrust case.

A. consent decrees B. criminal actions C. private actions D. treble damages

Economics