A rapid and decisive reduction in the rate of growth of the money supply for the purpose of disinflation is called
A) a salt water policy.
B) a cold shower policy.
C) gradualism.
D) a cold turkey policy.
D
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Computations of the price elasticity focus on the calculated magnitude due to of the law of demand.
Answer the following statement true (T) or false (F)
If real disposable income is $300 billion and real consumer expenditures are $250 billion, it can be assumed that
A. the government is spending the difference. B. the difference is being invested. C. households are saving the difference. D. transfer payments make up the difference.
Smaller companies typically do not trade on the
A) New York Stock Exchange. B) American Stock Exchange. C) Nasdaq. D) OTC Market.
A maximum legal price that may be charged for a particular good or service is known as a
A) price floor. B) price ceiling. C) black market. D) price support.