An oligopoly model in which sellers compete on prices rather than quantities is called a ________ model

Intermediate targeting the money supply is preferable if there is a(n)

a. increase in the severity of supply shocks. b. unstable money demand function. c. low interest elasticity of money demand. d. difficulty in the measurement of money demand. e. none of the above.

Which of the following is the correct formula for determining the unemployment rate?

a. [(The number of unemployed, working-age people seeking work)/(The number of people in the labor force)] x 100. b. (The total number of employed / The number of people in the labor force) x 100. c. (The total number of unemployed / The number of working-age people seeking work) x 100. d. (The number of people in the labor force / The number of working-age people seeking work) x 100.