Author Question: The supporters of a monetary growth rule believe that active monetary policy A) stabilizes the ... (Read 124 times)

rachel9 · **on:** Jun 29, 2018

The supporters of a monetary growth rule believe that active monetary policy

A) stabilizes the economy, decreasing the number of recessions and their severity.
B) destabilizes the economy, increasing the number of recessions and their severity.
C) cannot change real GDP.
D) cannot change the inflation rate.

Question 2

Refer to Table 2-5. What is Estonia's opportunity cost of producing one board foot of lumber?

A) 0.2 cell phones B) 5 cell phones C) 8 cell phones D) 32 cell phones