The leader of the monetarist school and major proponent of a monetary growth rule was

The presence of adverse selection:

A. increases the efficiency of markets. B. reduces the efficiency of markets. C. makes the buyer less efficient and the seller more efficient. D. does not affect the efficiency of markets.

Which statement is false?

A. Under the United States' economic system, most of the important decisions are made in the market place. B. In the United States' economy the price mechanism determines the answers to the United States' three basic questions-what, how, and for whom. C. Most economists would agree that the price system leads to a very efficient allocation of resources. D. None of these statements are false.