Author Question: Monetarists maintain that the increase in the money supply can explain the inflation of the 1970s ... (Read 72 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
Monetarists maintain that the increase in the money supply can explain the inflation of the 1970s and 1980s when one considers the bonds purchased by the Fed to finance the federal deficits of the period.
 
  Indicate whether the statement is true or false

Question 2

Economies of scale refer to
 
  a. costs rising as the scale of production increases.
  b. costs falling as the scale of production increases.
  c. output rising as the level of inputs rises.
  d. the marginal product of labor diminishes as the quantity of labor increases.



mcinincha279

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

True

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library