Monetary policy
a. must be described in terms of interest-rate targets.
b. must be described in terms of money-supply targets.
c. can be described either in terms of the money supply or in terms of the interest rate.
d. cannot be accurately described in terms of the interest rate or in terms of the money supply.
c
Economics
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A method of allocating scarce resources is a necessary component of
a. all economic systems b. all economic systems except market capitalism c. centrally-planned socialism and market socialism only d. centrally-planned capitalism and market capitalism only e. all economic systems except centrally planned socialism
Economics
A given income-expenditure diagram always assumes a variable price level.
Answer the following statement true (T) or false (F)
Economics