This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the monetarists, deliberate government intervention: a. will stabilize the economy if ... (Read 65 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
According to the monetarists, deliberate government intervention:
 a. will stabilize the economy if the money supply is increased during recessions and decreased during expansions.
  b. will effectively reduce the unemployment rate below its natural rate.
  c. will stabilize the economy if the money supply is reduced during recessions and increased during expansions.
  d. will destabilize the economy only if the government uses fiscal policy to change equilibrium income.
  e. will destabilize the economy and cause a business cycle of its own, regardless of whether fiscal or monetary policy is used.

Question 2

If an increase in price causes total expenditure on a product to decrease, then the price elasticity of demand is:
 a. inelastic.
 b. elastic.
 c. unit elastic.
  d. zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Gracias!

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Physiologic changes during circulatory shock: pharmacologic intervention Physiologic changes during circulatory shock: pharmacologic intervention
Fire intervention guidelines Fire intervention guidelines
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Emergency Intervention Emergency Intervention
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Introduction to Diabetes

For a complete list of videos, visit our video library