The constant growth rate rule for money, as initially proposed by Milton Friedman, has been adjusted ________
A) to take the problem of moral hazard in account
B) to account for the role played by adaptive expectations in policy formation
C) for the difference between real and nominal economic variables
D) to allow for possible short-run movements in velocity
D
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Which of the following does NOT lead to an increase in potential GDP?
A) labor force grows B) technological change takes place C) new machinery and equipment are installed D) aggregate expenditures increase
A monopoly's economic profits are represented by
a. [price minus marginal cost] times number of units sold. b. [price minus average cost] times number of units sold. c. [marginal revenue minus price] times number of units sold. d. [marginal cost minus price] times number of units sold.
Some people argue that limiting a CEO's pay may be a way to create good incentives
Indicate whether the statement is true or false
Finding a way to create and capture value is part of
A. business strategy. B. organizational structure. C. management control, but not general management. D. cost control systems.