The monetary growth rule is a plan for increasing the quantity of money
A) at a rate which increases as the economy grows.
B) at a rate which decreases as the economy declines.
C) at a rate which increases during recessions and decreases during expansions.
D) at a fixed rate that does not respond to changes in the economic condition.
D
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Which of the following scenarios would tend to raise the value of the U.S. dollar in foreign exchange markets?
A. An increase in the U.S. demand for foreign oil B. A rise in U.S. interest rates C. Enactment of contractionary fiscal policy in the United States D. Enactment of easy monetary policy in the United States
Which nation listed below is successfully transitioning from a planned economy to a hybrid market economy?
A. People’s Republic of China B. Japan C. United Kingdom D. United States
Refer to the accompanying table. Martha's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 60 pies. B. 6 pies. C. 3/4 of a pie. D. 4/3 of a pie.
The price elasticity of demand can be defined as ______.
a. the percentage change in price divided by the percentage change in quantity demanded b. the percentage change in quantity demanded divided by the percentage change in price c. the percentage change in price multiplied by the percentage change in quantity demanded d. the percentage change in quantity demanded multiplied by the percentage change in price