The monetarists believe that the LM schedule
a. and the IS schedule are both steep.
b. is flat while the IS schedule is steep.
c. and the IS schedule are both quite flat.
d. is steep and the IS schedule is relatively flat.
D
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? In Figure 5-16, Adam is
A. better off at C than at D and able to afford either C or D. B. better off at D than at C but only able to afford C. C. equally well off at C and D and able to afford either C or D. D. equally well off at C and D but only able to afford C.
If Greece chose to abandon the euro and the Greek government decided to exchange euro bank deposits for drachmas, the affected bank depositors would suffer losses if the
A) euro then appreciated. B) euro then depreciated. C) drachma then appreciated. D) drachma then depreciated.
Compensation where the top performer receives much higher rewards than other competitors, even if the others perform at only slightly lower levels, is called
a. a compensating differential. b. round-robin pay. c. tournament pay. d. base pay.
If the market federal funds rate were below the target rate, the response from the Fed would likely be to:
A. sell U.S. Treasury securities. B. purchase U.S. Treasury securities. C. raise the discount rate. D. raise the IOER rate.