Which of the following would be most likely to suggest reducing the money supply as a way to end a prolonged inflation?
A. Monetarist
B. Keynesian
C. Economic behaviorists
D. Classical economist
A. Monetarist
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Under a marginal cost pricing rule, a regulated natural monopoly
A) makes a positive economic profit and there is a deadweight loss. B) makes zero economic profit and there is no deadweight loss. C) incurs an economic loss and there is a deadweight loss. D) incurs an economic loss and there is no deadweight loss.
If the Fed wanted to reduce the federal funds interest rate, it might: a. increase the discount rate
b. increase the required reserve ratio. c. buy government securities. d. sell government securities.
Ceteris paribus, an increase in the price of a good will cause the
a. quantity demanded of the good to increase. b. quantity supplied of the good to decrease. c. producer surplus derived from the good to increase. d. supply of the good to decrease.
If your tuition is $25,000 this semester, your books cost $1,500, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $7,500 this semester (same as if not attending college), then your opportunity cost of attending college this semester is
A. $26,500. B. $26,800. C. $31,000. D. $38,500.