Rapid growth of the money supply might seem appropriate to ________ economists, because ________
A) Keynesian; it can hasten the economy's return to a long-run equilibrium
B) Keynesian; the resulting inflation will have no effect on real output
C) classical; stabilizing fluctuations contributes to long-run growth
D) classical; it will make prices more flexible
E) none of the above
A
You might also like to view...
E(ui Xi) = 0 says that
A) dividing the error by the explanatory variable results in a zero (on average). B) the sample regression function residuals are unrelated to the explanatory variable. C) the sample mean of the Xs is much larger than the sample mean of the errors. D) the conditional distribution of the error given the explanatory variable has a zero mean.
What is the difference between the average cost per unit for 5 units and the marginal cost of the 5th unit?
a. 196 b. 86 c. 40 d. 110
Which of the following sequences is accurate concerning the money market and aggregate demand?
a. increased price; increased interest rate; higher RGDP; increased money demand b. increased price; lower interest rate; increased money demand; lower RGDP c. increased price; increased money demand; increased interest rate; lower RGDP d. increased price; higher RGDP; increased money demand; lower interest rate
A continuing resolution allows spending to go on
A. for no longer than a year. B. as long as the resolution states. C. for no longer than a week. D. for no longer than a day.