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

Economics

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Credit cards are included in M2

a. True b. False Indicate whether the statement is true or false

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How many countries are in the Euro area?

A) 19 B) 27 C) 21 D) 11

Economics

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.

Economics

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.

Economics