Monetarists argue that the Federal Reserve should allow the money supply to grow:
a. counter to the business cycles.
b. faster than 10 percent annually.
c. only during recessions.
d. at a constant rate.
d
You might also like to view...
Exchange rates in what is termed the "medium run"
a. will be altered by an economic upswing because consumers buy more goods including imports when disposable income goes up. b. will be unaffected by economic changes in personal income or consumption spending. c. will appreciate for a country having an economic boom when others are not. d. All of the above are correct.
The hypothesis that the results of a longrun HeckscherOhlin model with labor immigration will result in an increase in production for the labor intensive industry while reducing production in the capitalintensive industry is known as the _____ theorem.
a. StolperSamuelson b. specificfactors c. Ricardian d. Rybczynski
If markets are competitive, policies that restrict imports are usually harmful to the importing country while policies that encourage exports are usually beneficial to the exporting country.
Answer the following statement true (T) or false (F)
You and your brother are splitting a piece of cake. You cut it into two pieces and your brother selects his piece first. Thus, you cut it into two equally sized pieces. This is an example of
A. a public good. B. utilitarian justice. C. Rawlsian justice. D. communism.