Many countries dropped their use of money-growth targets in the 1980s because
A) they were in severe recessions.
B) political opponents claimed money-growth targeting helped the rich at the expense of the poor.
C) money demand became unstable.
D) it was too difficult to coordinate monetary policy with fiscal policy.
C
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Use the following graph for the milk market to answer the question below.
There would be excess production of milk whenever the price is
A. less but not greater than $2.00 per gallon. B. greater than $1.50 per gallon. C. less than $1.50 per gallon. D. greater but not less than $2.00 per gallon.
The tables above show a nation's labor demand and labor supply schedules and its production function. The equilibrium real wage rate is ________ and the equilibrium quantity of labor is ________ billion hours per year
A) $50; 100 B) $40; 90 C) $30; 80 D) $40; 80 E) $20; 110
When relatively few workers have high ability,
A) they will settle for the average wage. B) they will want to signal their ability. C) the premium for high ability is less than when most workers have high ability. D) they do not need to signal their ability.
Output that provides benefits without the production of a tangible product
What will be an ideal response?