The MP curve indicates the relationship between ________ and the ________
A) taxes; price level
B) the real interest rate; inflation rate
C) monetary policy; IS curve
D) all of the above
E) none of the above
B
You might also like to view...
Neither the supply of nor demand for a good is perfectly elastic or perfectly inelastic. So, imposing a tax on the good results in ________ in the price received and kept by sellers and a ________ in the price paid by buyers
A) a rise; rise B) a rise; fall C) a fall; rise D) a fall; fall E) no change; rise
Central planners
A) know more than the market. B) know less than the market knows. C) process information more efficiently than the market. D) can predetermine equilibrium prices.
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
a. Per capita GDP increased less rapidly in China and India than in the high income industrial countries. b. Per capita GDP increased more rapidly in China and India than in the high income industrial countries. c. China grew more rapidly than the high income industrial countries, but India grew less rapidly. d. India grew more rapidly than the high income industrial countries, but China grew less.
Which of the following groups has the highest poverty rate?
a. blacks b. Asians c. children (under age 18) d. female households, no spouse present