A Monetarist-oriented econometric model is likely to emphasize that monetary policy affects economic activity
A) directly through changes in government spending.
B) directly through changes in the money supply.
C) indirectly through changes in velocity.
D) indirectly through changes in money demand.
B
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Is there any similarity between a perfectly competitive firm and a monopolistically competitive firm in the long run? Explain your answer
What will be an ideal response?
Ida May Fuller was the first person to:
A. receive Social Security payments for over 20 years. B. petition Congress for indexing Social Security payments. C. receive a Social Security check. D. have her Social Security check adjusted for inflation.
Which of the following statements about gold jewelry and round-trip bus tickets to Bismarck, North Dakota, is most likely to be correct?
a. They are both inferior goods. b. Their demand curves probably are quite similar. c. They are complements. d. They are substitutes. e. They are unrelated.
If the price level in an economy turns out to be higher than that expected by workers and firms, _____.
Fill in the blank(s) with the appropriate word(s).