Many countries dropped their use of money-growth targets in the 1980s because
A) they were in severe recessions.
B) political opponents claimed money-growth targeting helped the rich at the expense of the poor.
C) money demand became unstable.
D) it was too difficult to coordinate monetary policy with fiscal policy.
C
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At a competitive equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities,
A) the marginal benefit is greater than the marginal cost. B) resource use is efficient. C) the marginal benefit is less than the marginal cost. D) both the marginal benefit and the marginal cost of the last unit produced equal zero. E) the marginal benefit is greater than the marginal cost by as much as possible.
It generally costs advertisers more to run a commercial on television in the evening than in the morning because
A) it costs stations and networks more to broadcast any given commercial in the evening. B) overtime wage rates must usually be paid in the evening. C) stations and networks ignore their own costs in setting their prices. D) the government regulates television content but not prices.