In the monetarist view, a bond-financed increase in government spending would have a strong effect on real output in
a. both the short run and the long run.
b. the short run but not the long run.
c. the long run but not the short run.
d. neither the short run nor the long run.
D
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The estimated slope coefficient (b) of the regression equation (Ln Y = a + b Ln X) measures the ____ change in Y for a one ____ change in X
a. percentage, unit b. percentage, percent c. unit, unit d. unit, percent e. none of the above
Which of the following best describes the crowding-out effect?
What will be an ideal response?
In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse:
A. Wealth effect
B. Real-balances effect
C. Interest-rate effect
D. Expectations effect
In a competitive market, a firm has a difficult time capturing value due to the large number of rivals. However, it can be successful in capturing value if the
A. firm's superior productivity is based on value of the whole organization. B. demand for the firm's product is inelastic. C. firm's cost curves are higher than those of rivals. D. firm's superior productivity is based on selected components of superiority within the firm.