Modern mainstream macroeconomists agree with the monetarists that:
A. the Fed should increase the money supply at a fixed annual rate.
B. velocity is highly stable.
C. fiscal policy is largely ineffective.
D. "money matters" in the macroeconomy.
D. "money matters"; in the macroeconomy.
You might also like to view...
There was a spike in U.S. legal immigration from 1989 to 1991 due to:
A. An unstable political situation in Mexico B. Increased international travel C. Tremendous economic growth in the U.S. economy D. An amnesty program legalizing formerly illegal immigrants
When the economy is in a recession, ________ taxes decrease while ________ spending increases and, as a result of this automatic fiscal policy, aggregate demand ________
A) induced; discretionary; is not changed B) needs-tested; induced; decreases C) induced; needs-tested; increases D) discretionary; induced; is not changed E) discretionary; needs-tested; increases
The more restrictive affirmative action programs are,
A) the greater the likelihood of the economic pie shrinking. B) the lower the administrative costs of administering the program. C) the larger the wage gap tends to get. D) the greater the amount of labor market discrimination.
The Treasury bill auction is over when the market reaches the
A) highest bid. B) stop-out price. C) discount price. D) optimal price.