Shifts in monetary policy will
a. stimulate output and employment almost immediately, and this will make it easier for policy-makers to change monetary policy in a manner that will promote macroeconomic stability.
b. stimulate output and employment almost immediately, and this will make it more difficult for policy-makers to change monetary policy in a manner that will promote macroeconomic stability.
c. stimulate output and employment with time lags that are long and variable and this will make it easier for policy-makers to change monetary policy in a manner that will promote macroeconomic stability.
d. stimulate output and employment with time lags that are long and variable and this will make it more difficult for policy-makers to change monetary policy in a manner that will promote macroeconomic stability.
D
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All of the following count as unreported income except
A. International trade in cocaine. B. A waiter's tips that are not reported to the IRS. C. The $5 you pay your friend to help you study for a test. D. The money you pay a private tutor who works for Tutors Inc.
Which of the following best explains a government's motive for reducing the value of its currency?
A. Increase the trade balance and prevent the price level from falling further. B. Decrease the trade balance and prevent the price level from falling further. C. Increase the trade balance and prevent the price level from rising further. D. Decrease the trade balance and prevent the price level from rising further.