"Monetary policy can be described either in terms of the money supply or in terms of the interest rate.". This statement amounts to the assertion that
a. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
b. the activities of the Federal Reserve's bond traders are irrelevant if the Federal Reserve decides to target an interest rate.
c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate.
d. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate.
d
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Roughly what was the change in Venezuela's per capita GDP between 1960 and 2011?
A) 4% B) 14% C) 44% D) 88%
First-price auctions have all the following properties EXCEPT
a. Highest bid wins b. Highest bidder pays the second highest bid c. The good is assigned to the highest bidder d. The price is set to the highest bid
Adrienne and Jacob talk about the 2008 financial crisis and the US Government's response to the troubles. So,
What will be an ideal response?What will be an ideal response?
Monopolistic competition and perfect competition differ because
A) only monopolistically competitive firms will set MR = MC. B) only perfectly competitive firms will set MR = MC. C) only monopolistic competition allows for entry of other firms in the long run. D) only competitive firms take the price as given.