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Which statement best summarizes Friedman's views on the role of monetary policy?
Monetary policy should best be conducted by:
1.controlling the price level
2.controlling the interest rate
3. controlling the exchange rate
4. targeting the inflation rate
5. none of the above
The demand for a product can change due to many factors. Distinguish between a chang in demand and change in quantity demand. What are the determiniants of demand? What are the determinants of suppy?
How would better health outcomes cause higher income? How might the relative importance of two hypotheses be relevant for public policy?
a competing firm are the only sellers of a new product. You are engaged in an intense battle for initial market share. You both realize that the one who captures most of the market share will be the one who spends the most on advertising and promo..
changing preferences can also affect changes in land use. in the united states the proportion of the population in the
Explain whether aggregate demand or aggregate supply changes and why the change occurred and explain what happens to the equilibrium price level and equilibrium output in the U.S.
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010?
In August 2002, preliminary information showed that payroll employment increase 39,000, household employment increase 429,000, and the unemployment rate fell from 5.9 percent to 5.7 percent.
Sherry was just rotated out as Microsoft's X-Box sales manager for the Canadian market. In Canada, the X-Box competes with Nintendo's GameCube.
A commercial bank has excess reserves of $10,000 and a required reserve ratio of 20%. It grants a loan of $8,000 to a customer, who then writes out a check for $8,000 that is deposited in another bank. The first bank will find its reserves decreas..
If 85 million adults are not working what is the unemployment rate?
The utility function and the budget constraint and write down the Lagrange Function and solve for the first order conditions.
The U.S. has long been suffered from trade deficits (especially with China). Explain the effect of trade deficits on economic growth in the U.S. What are the options to deal with China on trade deficits?
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