Monetarists believe that changes in monetary policy would have:
a. only short-term effect on the price level.
b. only short-term effect on real GDP.
c. only long-term effect on real GDP.
d. no effect on price level and real GDP.
e. both short-term and long term effect on real GDP.
b
Economics
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In the figure above, which budget line has the lowest relative price of carrots?
A) AD B) BD C) CD D) The relative price is equal for all three budget lines.
Economics
The world trading system combines negotiated agreements that promote trade liberalization called ________ with binding agreements called ________ that block tariff increases
A) fiscal policies; monetary policies B) truces; aggressions C) free trade; enforcement contracts D) levers; ratchets E) wheels; walls
Economics