Monetarists have received this label because they emphasize the role of
a. money supply in determining aggregate supply.
b. the money supply in determining nominal GDP.
c. the Fed in making monetary policy.
d. the money supply in determining interest rates and investment.
b
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The government purchases multiplier will be larger if the marginal income tax rate decreases
Indicate whether the statement is true or false
Individuals who fully insure their house and belongings against fire
A) have wasted their money if a fire does not occur. B) generally do so in order that their after-fire wealth can be equal to their before-fire wealth. C) generally do so in order that their after-fire wealth can be higher than their before-fire wealth. D) generally do so in order to guarantee that the worst outcome, a fire with no insurance, does not occur. E) can never come out as well financially after a fire as they were before it.