A monetarist would advocate ________ money supply during recessions and ________ money supply during periods of high inflation.
A. increasing; increasing
B. increasing; decreasing
C. decreasing; increasing
D. none of the above
Answer: D
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When real consumption expenditure is plotted against real disposable income the resulting relationship is
a. very weak. b. positive and very curvi-linear. c. positive and very close to linear. d. negative and very close to linear. e. virtually flat.
Which of the following would be most likely to cause a rightward shift of the demand for shares of Planet X, Inc's stock?
a. the appearance of a strong competitor in Planet X's market b. a ban on Planet X's product in a large export market c. the announcement of a profitable new product line from Planet X d. news of a labor strike against Planet X e. the announcement of a new public offering of Planet X stock