Keynesians argue that the interest elasticity of the demand for money is
a. low, while monetarists say it is high.
b. unimportant in terms of affecting economic activity, while monetarists disagree.
c. relatively high, while monetarists argue it is low.
d. not a factor in determining if velocity is stable or unstable.
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Large countries can improve their welfare by levying a tariff only if it does not
A) encourage rent seeking elsewhere in the economy. B) discourage innovation. C) lead to retaliation by the nation's trading partners. D) All of the above. E) None of the above.
Describe the particular policy mix that accounts for the favorable economic conditions of the late 1990s. Be sure to specify the fiscal and monetary policies pursued during this period
Which of the following is an example of thinking at the margin?
(A) Deciding to buy a car you don't really like because it is significantly less expensive than the one you want. (B) Putting all of your money in a savings account because the interest rate is so high. (C) Determining whether it is better to spend your savings on a new CD player or on a television. (D) Deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time.