Which of the following groups believes monetary policy to be effective for fighting inflation but not for changing real output?
A. Classical economists.
B. Neo-Keynesian economists.
C. Keynesian economists.
D. Monetarists.
Answer: D
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Seigniorage is defined as the difference between the exchange value of a money and its cost of production
Indicate whether the statement is true or false
If policy makers think the natural rate of unemployment is lower than it really is, then their policies designed to move the economy to the estimated natural rate, if continued over the long run, will: a. cause continuing inflation
b. shift the long-run aggregate supply curve to the right. c. shift the supply curve of labor to the right. d. lead to a lower price level. e. keep the economy below its potential GDP level.
Coins in the United States are manufactured and distributed by the: a. Federal Reserve
b. U.S. Mint. c. International Trade Administration. d. Federal Bureau of Investigation. e. Comptroller of the Currency.
In the study conducted by Miles Corak, which of the following countries had the weakest relationship between parental and child income?
A. France B. Denmark C. United Kingdom D. United States