Most of the pressure for a monetary growth rule has disappeared because since 1980,
A) the relationship between movements in the money supply and movements in real GDP and the price level have become much weaker.
B) the relationship between movements in the money supply and movements in real GDP and the price level have become much stronger.
C) the relationship between movements in interest rates and movements in real GDP and the price level have become much weaker.
D) the relationship between movements in interest rates and movements in real GDP and the price level have become much stronger.
A
You might also like to view...
People do not usually behave in a noncooperative fashion even when it is in their immediate interest to do so because
A) they realize such behavior is immoral. B) they know there can be 2 winners. C) they know they will have repeated dealings with the other people. D) they understand the difficulties with game theory.
Tax creates a deadweight loss
What will be an ideal response?
Which of the following situations is used as a justification for government?
A. negative externalities B. removal from the prisoner's dilemma C. nonexcludable goods D. positive externalities E. all of the above
An increase in taxes has the following impact on the budget constraint
A) a parallel move down. B) a parallel move up. C) a tilting to the left. D) a tilting to the right.