Which of the following is a belief of the monetarists?
a. They think the Great Depression was made worse by poor conduct of monetary policy.
b. They do not believe monetary policy is transmitted to the economy only through its effect on interest rates and planned investment.
c. They believe that the interest-investment curve is vertical.
d. All of these.
d
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All other factors held constant, if the price of game consoles rise, the demand for gaming titles will
A. shift to the left, because they are normally used together. B. remain constant. C. shift to the right, because they are normally used together. D. shift to the right, because they are substitutes.
Everything else held constant, an increase in the liquidity of bonds results in a ________ in demand for bonds and the demand curve shifts to the ________
A) rise; right B) rise; left C) fall; right D) fall; left
What is the percent reduction in import quantity in a country due to the tariffs imposed by the government, if the country's import tariffs are all 10 percent, the total imports affected by the tariffs are 40 percent of the GDP, and the net national loss from the tariffs as a percentage of GDP is 0.6 percent?
A. 30% B. 40% C. 20% D. 10%
The monopsonist will employ labor to the point at which the
A) marginal factor cost equals the marginal revenue product of labor. B) marginal revenue product equals the wage rate. C) marginal cost of output equals the marginal revenue. D) demand equals the supply of labor.