Monetarists take the policy position that the supply of money should be
A. increased at a constant rate each year.
B. decreased during recession and increased during inflation.
C. held constant over time.
D. increased during recession and decreased during inflation.
A. increased at a constant rate each year.
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If the money multiplier is 10, the purchase of $1 billion of securities by the Fed on the open market causes a
A) $10 billion decrease in the money supply. B) $1 billion decrease in the money supply. C) $1 billion increase in the money supply. D) $10 billion increase in the money supply.
Which is NOT true about the coefficient of determination?
a. As you add more variables, the R-square generally rises. b. As you add more variables, the adjusted R-square can fall. c. If the R-square is above 50%, the regression is considered significant. d. The R-square gives the percent of the variation in the dependent variable that is explained by the independent variables. e. The higher is the R-square, the better is the fit.
In the long run, all of a firm's inputs are variable
a. True b. False
A graph of total profits is always likely to be positively sloped throughout its length
a. True b. False Indicate whether the statement is true or false