Monetarists believe that discretionary monetary policy, and not discretionary fiscal policy, should be used to correct disequilibrium
a. True
b. False
Indicate whether the statement is true or false
False
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If people expect the price of shorts to rise next month, the demand for shorts will
a. decrease now. b. increase now. c. stay the same now and increase next month. d. stay the same now and decrease next month. e. stay the same now and next month.
An improvement in technology would shift which of the following curve(s)?
a. aggregate demand and short-run aggregate supply b. only the short-run aggregate supply c. only the aggregate demand d. short-run and long-run aggregate supply
If the exchange rate is 12.5 pesos per U.S. dollar, it is also 1/12.5 U.S. dollars per peso
a. True b. False Indicate whether the statement is true or false
Moving downward on a downward sloping linear demand curve, the absolute value of the price elasticity of demand
A. is constant. B. decreases continuously. C. may either increase or decrease. D. increases continuously.