During which of the following years did the Fed fail to pursue a policy aimed at stabilizing the output ratio?
A) 1988
B) 1990
C) 1994
D) 1997
D
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When the Fed increases the quantity of money, the
A) demand for money curve shifts rightward. B) equilibrium nominal interest rate falls. C) equilibrium nominal interest rate rises. D) supply of money curve shifts leftward. E) demand for money curve shifts leftward.
A monetarist economist believes that if the economy was left alone, it would rarely operate at full employment
Indicate whether the statement is true or false
Price differentiation is a situation in which
A) there are different prices for similar products reflecting differences in the marginal cost of providing the commodities to different groups of buyers. B) there are different prices for the same product that are not due to differences in the marginal cost of providing the commodity to different groups of buyers. C) consumers' comparison-shop. D) the demand curve is vertical.
When a patent is awarded, no one but the patent owner may produce the invention without his permission
a. True b. False Indicate whether the statement is true or false