The monetary rule is the view of the:
a. Keynesians that monetary policy is most important.
b. Monetarists that monetary policy is most important.
c. Classical economists that monetary policy is most important.
d. Monetarists that the Fed should expand the money supply at a constant rate.
d
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Refer to Figure 12-1. If the firm is producing 500 units, what is the amount of its profit or loss?
A) profit equivalent to the area A B) loss equivalent to the area A C) profit of $280 D) There is insufficient information to answer the question.
Most of the Fed's earnings come from
A) fees charged to financial institutions for check clearing. B) interest on the securities it holds. C) interest on discount loans. D) congressional appropriations.
Product-specific services are valuable to complex ________ goods that consumers purchase ________.
A) experience; infrequently B) inspection; frequently C) experience; frequently D) inspection; infrequently
China has roughly how much of the world's population?
A. 40 percent. B. 30 percent. C. 20 percent. D. 10 percent.