According to Monetarists, a direct substitution between cash balances and real goods results from a change in
A) investment spending.
B) consumption spending.
C) government spending.
D) the money supply.
D
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The decrease in consumption and investment interest-related spending that occurs when the interest rate rises as government spending increases is called:
A) crowding in. B) crowding out. C) neutral. D) none of the above.
If Yt is I(2), then
A) ?2Yt is stationary. B) Yt has a unit autoregressive root. C) ?Yt is stationary. D) Yt is stationary.
Heavy advertising expenditures usually indicate
A. oligopoly. B. pure competition or monopolistic competition. C. oligopoly or monopoly. D. differentiated pure competition or monopoly.
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?
a. 6.25% b. 8.3% c. 9.1% d. 18.75%