Adherents of the traditional monetary rule advocate that the:
A. functional finance approach to fiscal policy be adopted.
B. money supply should be increased by a constant rate year after year.
C. money supply should be reduced during inflation and increased during recession.
D. money supply should be increased during inflation and reduced during recession.
B. money supply should be increased by a constant rate year after year.
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A competitive market is one:
A) that operates with little or no government control. B) where almost all exchanges take place involuntarily. C) that has price controls imposed by a ruling authority. D) where determination of equilibrium quantity need not rely on the forces of demand and supply.
When companies sell slightly different forms of a product to different groups of customers, this is known as
A) market testing. B) editions. C) adaptations. D) versioning.