Monetarists and rational expectations theorists generally agree that:
A. the Federal Reserve should adhere to a monetary rule.
B. the rate of interest and the price of bonds are positively or directly related.
C. the money supply cannot be measured and therefore cannot be controlled by the Federal
Reserve.
D. prices and wages are inflexible downward.
A. the Federal Reserve should adhere to a monetary rule.
You might also like to view...
A monopoly producer of a durable good:
a. can earn even greater profits than a producer of a non-durable. b. must consider competition from its own output decisions. c. will have higher marginal costs than most other monopolies. d. will not set marginal revenue equal to marginal cost.
American Airlines makes numerous nonstop flights from Chicago's O'Hare Airport to the airport at Dallas-Fort Worth. The distance between those two cities is 1,000 miles. The only variable cost, fuel, costs $.06 for each passenger-mile it flies. Bob, on his way to an emergency business meeting, buys a ticket in coach class for $1,300 at the very last minute. The marginal cost of flying Bob from Chicago to Dallas-Fort Worth is:
A. $60. B. $160. C. $600. D. $1,300.
A specific statement of what a worker does on a job is a _____.
A. task dimension B. task C. job element D. None of these
A monetary policy strategy that uses a fixed exchange rate regime that ties the value of a currency to the currency of a large, low inflation country is called ________ targeting
A) exchange-rate B) currency C) monetary D) inflation