Which characteristic does money currently not have?
A) It is issued by a government or central bank.
B) It is considered valuable.
C) It is backed by gold.
D) It is a durable good.
C
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If the relationship between the monetary aggregate and the goal variable is weak, then
A) monetary aggregate targeting is superior to exchange-rate targeting. B) monetary aggregate targeting is superior to inflation targeting. C) inflation targeting is superior to exchange-rate targeting. D) monetary aggregate targeting will not work.
If the consumer price index (CPI) rises over a year from 220 to 230, then the inflation rate is 10 percent
a. True b. False Indicate whether the statement is true or false
If a small change in price will lead to an infinite change in the quantity demanded, then the demand curve is: a. horizontal. b. vertical
c. inclined. d. non-linear.
In a market economy,
a. the government primarily determines the distribution of resources b. prices determine the allocation of resources c. what society produces is what it produced in the past d. resource costs increase as specialization increases e. absolute advantage is the primary determinant of resource allocation