The fundamental objective of monetary policy is to assist the economy in achieving a ________.
A. balanced budget consistent with full-employment
B. money supply, which is based on the gold standard
C. rapid pace of economic growth
D. full-employment, noninflationary level of total output
Answer: D
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If a goal of a nation's residents is to increase marginal productivity, they should increase
A) expenditures on education. B) the inheritance tax. C) exports. D) the marginal propensity to consume.
On a production possibilities frontier the opportunity cost of one more unit of commodity per time period is measure by the ______________
Fill in the blank(s) with the appropriate word.
The domestic demand and supply for sugar are Qd = 40,000 ? 200P and QSD = 10,000 + 300P. The foreign supply is QSF = 20,000 + 100P. Suppose an import quota of 5,000 is imposed in the domestic market. How many units of sugar will domestic producers supply after the quota is imposed?
A. 30,000 B. 25,000 C. 35,000 D. 20,000
Tariffs to limit imports to "protect U.S. jobs" will also
A. reduce domestic production of import-threatened products. B. decrease import prices. C. stimulate exports. D. limit exports.