Monetarists argue that the Federal Reserve should allow the money supply to grow:
A. counter to the business cycles.
B. faster than 10 percent annually.
C. only during recessions.
D. at a constant rate.
Answer: D
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Which of the following practices are, at least in part, attempts to reduce moral hazard problems?
a. The income of waiters and waitresses depends heavily on tips. b. An employer pays below equilibrium wages because he thinks his employees are not working as hard as they could be. c. The professors leaves the room to prevent cheating on exams. d. Tenure professors are not supervised closely.
From 1996 to 1998, the fall in energy prices could be used
A. to explain why productivity growth increased. B. to indicate improvements in workforce quality. C. to indicate the lack of investment. D. to explain why productivity growth fell.