Author Question: Econometric models of the U.S. economy generally agree A) on the quantitative impact of monetary ... (Read 74 times)

Mollykgkg · **on:** Jun 30, 2018

Econometric models of the U.S. economy generally agree

A) on the quantitative impact of monetary policy over a horizon of several years.
B) that an increase in money growth will increase output in the short run.
C) that an increase in money growth will decrease output in the short run.
D) that an increase in money growth will decrease output in the long run.
E) that rational expectations is the best way to generate policy forecasts.

Question 2

Which of the following is not constant when balanced growth is obtained?

A) Y/NA
B) NA
C) K/NA
D) all of the above
E) none of the above