According to monetarists, which of the following would be most important for the control of inflation?
a. a steady increase in federal expenditures
b. the imposition of price controls
c. keeping the growth rate of the money supply low and steady
d. a steady increase in the size of the budget deficit
C
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After the financial crisis in the 1990s many economists criticized the IMF and the World Bank. Some suggestions for reform are to
A) eliminate both the institutions. B) increase private-sector lending by governments providing tax breaks to lenders. C) create a board of directors made up of finance ministers for the IMF. D) all of the above
The graph above shows domestic supply and demand with trade. With trade, this country can purchase at the world price, Pw. Which of the following areas represents producer surplus with trade?
A) Pw-A-0 B) Pw-B-Qd-0 C) P1-B-Pw D) P1-B-A-0