The monetary rule is the view of the:
a. Monetarists that monetary policy is most important.
b. Keynesians that monetary policy is most important.
c. Classical economists that monetary policy is most important.
d. Monetarists that the Fed should expand the money supply at a constant rate.
d
Economics
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If the Fed lowers the federal funds rate, which of the following will NOT happen?
A) The real interest rate falls. B) Other short-term interest rates fall. C) Aggregate demand increases. D) Real GDP increases. E) The price level falls.
Economics
If textbook prices rise by 5% this year, and textbook purchases fall by 5% this year, then the price elasticity of demand is:
A) .05. B) .10. C) .55. D) .95. E) 1.0.
Economics