Monetarism resembles Keynesian thinking in that they both
a. emphasize supply and ignore demand.
b. integrate supply-side analysis into their models.
c. emphasize demand side effects.
d. emphasize the importance of fiscal policy.
c
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Which of the following represents a function of money?
A) standard of deferred payment B) medium of exchange C) unit of accounting D) all of the above
The above table shows answers given by people interviewed in the Current Population Survey. Which person is cyclically unemployed?
A) A B) B C) C D) none of the people
Everything else the same, if income in Japan rises while income in the U.S. remains unchanged,
a. the supply of dollars in the foreign exchange market will increase. b. the demand for yen in the foreign exchange market will decrease. c. the supply of yen in the foreign exchange market will decrease. d. the demand for dollars in the foreign exchange market will increase. e. the demand for dollars in the foreign exchange market will decrease.
If the government owes $10.0 trillion and then borrows $700 billion more this year, this leads to
What will be an ideal response?