Monetarists advocate that the
A. money supply should be increased during inflation and reduced during recession.
B. money supply should be reduced during inflation and increased during recession.
C. money supply should be increased by a constant rate year after year.
D. counter cyclical approach to fiscal policy be adopted.
C. money supply should be increased by a constant rate year after year.
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The above figure shows a graph of the market for pizzas in a large town. Suppose that concern over dietary habits has led the government to impose a restriction that limits suppliers to produce no more than 40 pizzas
What will the price of pizza be as a result of this quota? A) $2 B) $7 C) $8 D) $10
When there is only one buyer of labor in a community, we talk of a
A) monopoly. B) monopsony. C) monopolistic market. D) labor cooperative.