Monetarists argued that the Fed wasn't serious about adhering to a money-growth target because
A. it gave too much weight to movements in exchange rates.
B. it was unable to reduce inflation at all.
C. the sacrifice ratio remained too high.
D. it tried to target three different monetary aggregates simultaneously.
Answer: D
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Many banks in the U.S. failed in the 1930s, not because they were poorly managed, but because they could not survive the panicky withdrawal of funds by their depositors
a. True b. False Indicate whether the statement is true or false
A price index is designed to measure
a. changes in the general level of employment across time periods. b. changes in the quantity of output produced across time periods. c. the market value of output produced during the current period with the value of output produced during an earlier time period. d. the cost of buying a market basket of goods at a point in time relative to the cost of buying the same market basket during an earlier time period.
Refer to Table 21.1. What is the median income on Richlandia?
A) $40,000 B) $69,000 C) $75,000 D) $85,000
Monopoly powers given to domestic utility companies to create economies-of-scale might unintentionally
A) be an obstacle to increased international trade. B) be useful for the creation of a comparative advantage for the domestic country. C) not be used for rent-seeking behaviors. D) be a positive externality for the world as a whole. E) None of the above.