Which of the following is an important issue in the Keynesian-Monetarist debate?
a. The relative importance of monetary and fiscal policy.
b. The nature of the transmission mechanism through which a change in the money supply affects the economy.
c. The shape of the investment-demand curve.
d. All of these.
d
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Is the number of sellers in the market the only thing that is different in each of the four market types economists study?
What will be an ideal response?
Refer to Figure 3-6. The figure above represents the market for coffee grinders. Assume that the market price is $21. Which of the following statement is true?
A) There will be a shortage that will cause the price to increase; demand will then decrease and supply will increase until the price equals $25. B) There is a shortage that will cause the price to increase; quantity demanded will then decrease and quantity supplied will increase until the price equals $25. C) There is a shortage that will cause the price to increase; quantity supplied will then decrease and quantity demanded will increase until the price equals $25. D) There is a shortage that will cause the price to decrease; quantity demanded will then increase and quantity supplied will decrease until the price equals $25.
Which of the following undermines a firm's ability to engage in price discrimination?
A) the seller's ability to segment the total market B) the inability to prevent resale of the product from one market segment to another C) the seller's market power D) buyers having different elasticities of demand for the product
If Tom wants to not be hit, what strategy could he follow
a. Threaten to not tell b. Always not tell c. Threaten to tell d. All of the above