The determination of the nation's money supply is called:
A. monetary policy.
B. trade policy.
C. fiscal policy.
D. structural policy.
Answer: A
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In the long-run production function, all of the inputs to the production process are allowed to vary
Indicate whether the statement is true or false
What would be the impact of an increase in foreign income on the net export function?
a. The net export function would shift upward. b. The net export function would shift downward. c. The slope of the net export function would increase. d. The slope of the net export function would decrease. e. There would be a movement up along the net export function.
With an MPS of .2, the MPC will be:
a. .8 b. .3 c. 1.2 d. 5
Refer to the above figure. Profits will equal zero
A. when the price equals $2. B. when the price equals $4. C. when the price equals $1. D. at prices between $1 and $2.