If income changes, that leads to a movement along the money demand curve
a. True
b. False
B
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The above table gives some of Tammy's total and marginal utilities from comedy videos. Which of the following statements is TRUE?
A) Tammy's marginal utility from the third comedy video is equal to 580/3. B) Tammy's total utility from five comedy videos is 800. C) Tammy's marginal utility from the first comedy video is less than her marginal utility from the third comedy video. D) None of the above answers are correct.
If inflation is perfectly anticipated, benefits are indexed, and there are no restrictions on contracts, which group loses purchasing power because of inflation?
a. Borrowers, lenders and retirees b. Only borrowers c. Neither lenders, borrowers, nor retirees d. Only lenders e. Only retirees
Which point best represents the economy in a depression?
A. Point H
B. Point F
C. Point I
D. Point G
The monetary rule is the view of the:
A. Keynesians that monetary policy is most important. B. Monetarists that monetary policy is most important. C. Classical economists that monetary policy is most important. D. Monetarists that the Fed should expand the money supply at a constant rate.