Mergers between companies producing widely divergent goods is called a

Which of the following does not contribute to an improved standard of living?

a. Increases in the amount and quality of available resources b. Better technology c. Higher prices for the necessities of life d. Improvements in the "rules of the game" e. Increases in the quality of labor

Monetarists believe that changes in monetary policy would have:

a. only short-term effect on the price level. b. only short-term effect on real GDP. c. only long-term effect on real GDP. d. no effect on price level and real GDP. e. both short-term and long term effect on real GDP.