Monetary policy has short-run effects on which of the following?
A) the level of output but not its composition
B) both the level and composition of output
C) only the price level
D) only the nominal interest rate, not the real interest rate
E) none of the above
B
Economics
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A barter arrangement essentially means
A) swapping goods for cash. B) buying with an I.O.U. C) a credit deal. D) a cashless transaction.
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The term externalities refers to
A) consequences of action not taken into account in making decisions. B) social interactions associated with urban-industrial economies. C) the superficial consequences of decisions. D) the visible consequences of decisions.
Economics