A policy of maintaining a fixed interest rate will have the greatest stabilizing effect on output when money demand is
A) stable.
B) unstable and commodity demand is unstable.
C) stable and commodity demand is unstable.
D) unstable and commodity demand is stable.
D
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Inflation refers only to rising prices at a given time period
a. True b. False Indicate whether the statement is true or false
Bubba is a shrimp fisherman who catches 4,000 pounds of shrimp per year. He can sell the shrimp for $5 per pound. His average total cost of catching shrimp is $3 per pound. Bubba's annual total revenue is
a. $8,000. b. $12,000. c. $20,000. d. $32,000.
All of the following statements are correct, except that the firm has:
The following table shows the short-run total cost data for a firm.
A. Economies of scale
B. Fixed costs of $80
C. Constant marginal cost
D. An average fixed cost of $20 at 4 units of output
Refer to Table 8-5. The value of each automobile in gross domestic product equals
A) $7,000. B) $15,000. C) $18,000. D) $25,000.