Which of the following implies that an increase in the money supply growth rate permanently changes the unemployment rate?
a. both the long-run aggregate supply curve and the long-run Phillips curve
b. the long-run aggregate supply curve, but not the long-run Phillips curve
c. the long-run Phillips curve, but not the long-run aggregate supply curve
d. neither the long-run Phillips curve nor the long-run aggregate supply curve
d
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The United States did not join the ICC because the U.S. government
a. disagreed with the enforcement mechanisms it put in place. b. feared the ICC would be used as a political tool against it. c. believed the ICC to be an extremely ineffective organization. d. had never been formally asked to join.
The January effect
A) largely disappeared after receiving attention in the 1980s. B) refers to the gap between futures prices and the prices of the underlying securities that occurs each January. C) was stronger during the 1980s than during previous decades. D) is the observation that stocks tend to be sold off in January.