According to the monetarists and new classical economists,
a. only anticipated monetary policy actions will affect output and employment in the short run.
b. only unforeseen monetary policy actions will affect output and employment in the short run.
c. both anticipated and unanticipated monetary policy actions will affect output and employment in the short run.
d. both anticipated and unanticipated monetary policy actions will affect output but not employment in the short run.
e. none of the above.
E
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The data in the above table indicate that when the price level is 120
A) firms have unexpectedly low inventories, so prices will rise. B) inventories are at levels planned by firms. C) firms will plan to increase the level of output. D) firms have unexpectedly high inventories, so prices fall.
In the case of a negative externality,
A. marginal external costs are greater than marginal private costs. B. marginal external costs are less than marginal private costs. C. marginal external benefits are greater than marginal private benefits. D. marginal external benefits are equal to marginal private costs. E. none of the above
What is the price of a coupon bond that has annual coupon payments of $85, a par value of $1000, a yield to maturity of 10%, and a maturity of three years?
A) $211.38 B) $898.84 C) $962.70 D) $1255.0
A permanent increase in autonomous investment causes
A. more than that amount of increase in real Gross Domestic Product (GDP). B. less than that amount of increase in real Gross Domestic Product (GDP). C. an offsetting change in saving that leaves real Gross Domestic Product (GDP) at the same level. D. the same amount of increase in real Gross Domestic Product (GDP).