The Monetarist transmission mechanism through which monetary policy affects the price level, real GDP, and employment depends on the:
a. indirect impact of changes on profit expectations.
b. direct impact of changes in the money supply on aggregate demand.
c. direct impact of changes in fiscal policy on aggregate demand.
d. indirect impact of changes on the interest rate.
b
Economics
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Which of the following is an example of a job that illustrates why wages differ due to education?
a. an attorney b. a file clerk c. a cashier d. a fast food cook
Economics
A product that has an elastic demand curve has all of the following characteristics EXCEPT
A) it has many substitutes. B) a consumer can wait to buy the product. C) it has few or no substitutes. D) it is a large part of a consumer's income.
Economics