The monetary growth rule is a plan for increasing the quantity of money
A) at a fixed rate that does not respond to changes in the economic condition.
B) at a rate which increases as the economy grows.
C) at a rate which decreases as the economy declines.
D) at a rate which increases during recessions and decreases during expansions.
Answer: A
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A fixed exchange rate is one that is determined by market conditions
Indicate whether the statement is true or false
Which of the following is an example of an intermediate good?
A. A metal-stamping machine used to produce cars sold to an automaker B. A new mobile phone sold to a teenager C. A new car sold to a family D. A new speaker system sold to an automaker for installation in a car
The aggregate demand curve will shift to the left if
A. the nation's exports decrease. B. a reduction in the price level pushes down borrowing costs. C. people are more optimistic about their future. D. government expenditures increase.
The short-run shutdown price occurs where price equals
A. AVC at any point. B. MC. C. AFC at the minimum point. D. AVC at the minimum point.