Marginal, average, and total figures are unrelated

Nominal and real wage rates

A) must always change by the same amount. B) must always change in opposite directions by the same amount. C) must always change in the same direction but could change by different amounts. D) could change in opposite directions. E) must always change in the same direction, and the nominal wage rate must change more rapidly than the real wage rate.

Monetarists think that the government:

a. should take an active role in the economy. b. should change the money supply growth rate regularly to achieve low inflation. c. should actively intervene in the economy, but only by decreasing the fiscal expenditure. d. should intervene in the economy as little as possible. e. should consciously set out to achieve full employment.