Monetarists contend that the channels of monetary influence in Keynesian structural models are too ________ defined, ________ the importance of monetary policy
A) broadly; exaggerating
B) broadly; understating
C) narrowly; understating
D) narrowly; exaggerating
C
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Credit cards are included in M2
a. True b. False Indicate whether the statement is true or false
How many countries are in the Euro area?
A) 19 B) 27 C) 21 D) 11
Suppose that when the price of root beer rises 10%, the quantity of hotdogs demanded falls 5%. This would mean that hotdogs and root beer are
A. substitutes, with a cross price elasticity of 0.5. B. substitutes, with a cross price elasticity of -2.0. C. complements, with a cross price elasticity of -0.5. D. complements, with a cross price elasticity of -2.0.
It has been suggested that in order to protect U.S. jobs we need to restrict foreign competition by restricting imports.
A. This is a sound economic statement since U.S. firms will have to increase output to make up for the lack of imports leading to increase employment in the U.S. B. This is not a sound economic statement since employment in the U.S. does not depend on imports and exports. C. This is not a sound economic statement since import restrictions lead to a reduction in employment in the export industries of the U.S. D. This is a sound economic statement since the U.S. will still export protecting U.S. jobs.