Monetarists argue that government deficits financed by monetary expansion cause(s)

A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by

a. the law of demand. b. the fact that education at the school was an inferior good. c. the fact that people sometimes base perceptions of quality on price (snob effect). d. elastic demand.

Which of the following about unemployment is true?

a. The unemployment rates of the major European economies have been lower than the United States during the last decade. b. The natural rate of unemployment is unaffected by labor market regulations and other dimensions of public policy. c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment. d. The unemployment rates of Spain and Italy were among the lowest in the world during the past two decades.