Monetarists take the position that monetary policy:
A. Is limited by the crowding-out effect on investment
B. Is enhanced by the crowding-out effect on investment
C. Should be based on rules rather than discretion
D. Should be based on discretion rather than rules
C. Should be based on rules rather than discretion
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Betty goes out to enjoy a bouffe with her friend instead of practicing calculus problems for her maths examination that is due the following day. This implies that the opportunity cost of the bouffe to Betty is zero
a. True b. False Indicate whether the statement is true or false
Americans would probably be supportive of
a. strict controls on hours of work. b. limits on income potential. c. mandatory work limits. d. loose controls on economic activities.
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. M2 money multiplier to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to rise.
If a new tax policy relatively raises the tax rate 2.5 percent but causes the output supplied to fall by 15 percent, the absolute value of the tax elasticity of supply is
A. 1.5. B. 6.0. C. 37.5. D. 0.375.