Who is best known for arguing about the fine tuning of monetary policy?
A) Friedman
B) Keynes
C) Modigliani
D) Greenspan
E) Bernanke
C
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When President Obama took office in January 2009, he pledged to pursue an expansionary fiscal policy to try to pull the economy out of the recession
The next month, Congress passed the American Recovery and Reinvestment Act of 2009, a $840 billion package of ________ that was the largest fiscal policy action in U.S. history. A) interest rate reductions and increases in the money supply B) treasury bond purchases and mortgage-backed securities purchases C) commercial and investment bank bailouts D) spending increases and tax cuts
Michael gets his first job after graduation with a weekly pay of $80 . This implies that his productivity is less than $80
Indicate whether the statement is true or false
If price is unchanging across the firm's entire production range, then for the firm selling bagels at $0.40 each,
a. P = MR = AR b. MR = MC = AC c. TR = TC = 0 d. TR – TC = 0 e. AC = MC = TC
The "crowding out" effect states that government spending pushes up interest rates and reduces private investment spending
a. True b. False Indicate whether the statement is true or false