With money supply shocks in the intertemporal model with money, the price level is
A) procyclical.
B) acyclical.
C) countercyclical.
D) somewhat cyclical.
B
You might also like to view...
Economics can be defined as the study of
A. For whom resources are allocated to increase efficiency. B. How scarce resources are allocated. C. How society spends the income of individuals. D. None of the choices are correct.
Suppose that a union successfully negotiated a 10 percent wage increase and the quantity of labor demanded increased by 10 percent. We can conclude that:
A. the labor demand curve must have independently shifted to the right. B. labor demand is highly elastic. C. the coefficient of labor demand elasticity is less than 1. D. labor demand is unit-elastic.
Which of the following is one of the functions of rental prices?
A) to redistribute income from landlords to renters B) to redistribute income from renters to landlords C) to signal to the local government when taxes on rental units should be increased D) to ration the use of existing housing for current consumers
What are the key characteristics of a public good?
What will be an ideal response?