When the money supply is increased, what do monetarists expect to happen to the nominal or market rate of interest?
A. It will rise immediately.
B. It will fall in the short run, then rise in the long run.
C. It will rise in the short run, then fall in the long run.
D. It will fall and remain lower.
B. It will fall in the short run, then rise in the long run.
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Money solves the dilemma of a double coincidence of wants by serving as a
A) unit of account. B) medium of exchange. C) symbol of value. D) store of value.
A central bank like the Federal Reserve in the United States can help banks survive a bank run by
A) raising the discount rate. B) acting as a lender of last resort. C) printing money. D) increasing the required reserve ratio.
The good for which neither the principle of mutual excludability nor the principle of rivalry applies is referred to as a:
a. public good. b. commons good. c. club good. d. normal good. e. private good.
When was the Clayton Act passed, and what were the main practices that it outlawed?
What will be an ideal response?