In the complete algebraic formulation of ISLM,
A) the government spending multiplier is greater than the tax mulitplier as long as b <1.
B) the government spending mulitplier is less than the tax multiplier as long as b<1.
C) monetary policy is always more powerful than fiscal policy.
D) fiscal policy is always more powerful than monetary policy.
A
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Friedman and Phelps argued that
a. if peoples' inflation expectations were fixed, then an increase in the money supply growth rate could not change output in the short or long run. b. if peoples' inflation expectations were fixed, then a decrease in the money supply growth rate could raise output and unemployment in the short run. c. any change in unemployment created by making aggregate demand increase more rapidly is temporary because people eventually revise their inflation expectations. d. None of the above is correct.
Which law prohibits religious discrimination in employment?
A) Americans with Disabilities Act B) Freedom of Information Act C) Title VII of the Civil Rights Act D) Title IX of the Education Amendments of 1972