An increase in the money supply is more likely to be inflationary when
a. the economy is at less than full employment.
b. the economy is at full employment.
c. a surplus government budget exists.
d. velocity is decreasing.
b. the economy is at full employment.
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Daily foreign exchange transactions have grow from about $15 billion in 1973 to about $4 trillion today
Indicate whether the statement is true or false
Compared to a sampling of other developed nations, the U.S. income distribution is more unequal than many others. What accounts for this?
A) The lowest-income families in the United States earn much less than the lowest-income households in other nations. B) Marginal income tax rates are much higher in the United States than in any other nation. C) The highest-income families in the United States earn much more than the highest-income households in other nations. D) Other nations manipulate their data to look better.
The optimal hiring rule is to employ labor up to the point where:
a. wage = MFC. b. wage = MP. c. wage = MR d. wage = MRP e. wage = TWC.
The demand curve of the monopoly firm is always the
A. average revenue curve. B. marginal revenue curve. C. total revenue curve. D. marginal cost curve above average variable cost.