With the policy rate set at zero, the rise in expected inflation will lead to a ________ in the real interest rate, which will cause investment spending and aggregate output to ________

According to the monetarists, the rise in (M1) velocity in the mid-1990s can be attributed to

a. changes in the type of bank deposits that are available to the public. b. new legal ceilings imposed on the deposit rates financial institutions are permitted to pay depositors. c. the phasing out of legal ceilings on the deposit rates financial institutions are allowed to pay depositors. d. Both a and b e. Both a and c

The change in total revenue that results from a one-unit change in the amount of a variable resource used is

a. average resource cost b. marginal resource cost c. marginal product d. marginal revenue product e. average revenue product