An increase in the inflation rate permanently reduces the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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The amount of money people wish to hold shows an inverse relationship to
A) the interest rate. B) their planned near-term purchases. C) the money supply. D) the income tax rate.
In part, an antitrust laws
A) provide for strict product liability. B) prohibit charging prices that customers think are too high. C) require firms with profits to pay dividends. D) prohibit monopolistic practices.
Suppose a good has an external benefit and no external cost. When a competitive, unregulated market is at its equilibrium, then the
A) marginal private benefit is less than the marginal social benefit. B) marginal private benefit is greater than the marginal social benefit. C) marginal private cost is less than the marginal social cost. D) marginal private cost is greater than the marginal social cost.
________ theory relates the quantity of money and monetary policy to changes in aggregate economic activity and inflation
A) Monetary B) Fiscal C) Financial D) Systemic