A price ceiling caused the gasoline shortage of 1973 in the United States

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Defining money becomes ________ difficult as the pace of financial innovation ________

A) less; quickens B) more; quickens C) more; slows D) more; stops

Economics

Economists who favor activist monetary policy argue that

A) the economy does not always equilibrate quickly enough at the Natural Real GDP or full-employment output and therefore needs help. B) activist monetary policy is effective at smoothing out the business cycle. C) activist monetary policy is flexible and flexibility is a desirable quality in monetary policy. D) a and b E) a, b and c

Economics