On a given day the quantity of money is ________ and the supply of money curve is ________
A) fixed; horizontal
B) fixed; vertical
C) variable; horizontal
D) variable; vertical
B
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In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a ________ in T of ________
A) fall, 300 B) fall, 180 C) fall, 500 D) rise, 300 E) rise, 500
The closest thing in the real world to a negative income tax is the _____
a. AARP b. EITC c. TANF d. AFDC
Which of the following theories favor(s) a simple money growth rate rule?
a. real business cycle theory b. The monetarist theory c. new classical theory d. All of the above e. None of the above
Which of the following is true of a consumption function with income taxes?
a. It is flatter than a consumption function without income taxes. b. It is steeper than a consumption function without income taxes. c. It lies above a consumption function without income taxes d. It lies below a consumption function without income taxes.