The monetary rule is the view of the:
A. Keynesians that monetary policy is most important.
B. Monetarists 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.
Answer: D
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Refer to Figure 2-4. Consider the following events:
(a) an increase in the unemployment rate (b) general technological advancement (c) decrease in consumer wealth Which of the events listed above could cause a movement from X to V? a. a only b. a and b only c. b and c only d. a, b, and c
Common property is
A. a resource that everyone is free to use as much as they want. B. generic property as opposed to specific property. C. property owned by a group such as a club or a church. D. property that belongs to both spouses in a marriage.