Compared to the Keynesian transmission mechanism, the monetarist transmission mechanism is
A) direct.
B) indirect.
C) inverse.
D) none of the above
A
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Suppose a price index is formed to measure changes in the price level between 1999 to 2005. A price index based on changes in the cost of the basket of goods purchased by the typical consumer in 2005 is called a
a. relative price index. b. consumer price index. c. Laspeyres price index. d. Paasche price index.
Information costs
A) are the costs of buying and selling financial claims. B) include the costs that savers incur to determine the credit worthiness of borrowers. C) include the costs borrowers incur to discover the best investments to make with the money they have borrowed. D) are zero in financial markets, but high for transactions carried out through financial intermediaries.
Based on the following table, what is average fixed cost when 150 units of output are produced?
A. $16.50 B. $9 C. $11 D. $2 E. none of the above
U.S. opponents of NAFTA argued that the agreement will hurt the United States. In their view, NAFTA's greatest harm is in its
A) harmonization of labor policies. B) harmonization of environmental policies. C) harmonization of the use of pesticides and herbicides. D) job destruction and downward pressure on U.S. wages.