ECON 304 - Money & Banking 50 multiple choice I need answers now ??

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Question 12 ptsPeople's decision to hold money based on the comparison of the relative returns of money and nonmoney assets is known as<br>
People's decision to hold money based on the comparison of the relative returns of money and nonmoney assets is known as
 
 
 
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Question 22 ptsAccording to Friedman, the opportunity cost of holding money depends on all of the following EXCEPT<br>
According to Friedman, the opportunity cost of holding money depends on all of the following EXCEPT
 
 
 
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Question 32 ptsIf in the short run prices did not respond at all to changes in aggregate demand, the short-run aggregate supply curve would<br>
If in the short run prices did not respond at all to changes in aggregate demand, the short-run aggregate supply curve would
 
 
 
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Question 42 ptsSustained growth in the money supply doesn't affect real output in the long run but does lead to inflation according to<br>
Sustained growth in the money supply doesn't affect real output in the long run but does lead to inflation according to
 
 
 
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Question 52 ptsWhich of the following is a likely causative factor in the movement of <i>M1</i> velocity during the 1980s?<br>
Which of the following is a likely causative factor in the movement of M1 velocity during the 1980s?
 
 
 
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Question 62 ptsBusiness cycles typically last<br>
Business cycles typically last
 
 
 
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Question 72 ptsCost-push inflation<br>
Cost-push inflation
 
 
 
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Question 82 ptsAccording to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because<br>
According to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because
 
 
 
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Question 92 ptsInflation generates an excess burden whenever<br>
Inflation generates an excess burden whenever
 
 
 
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Question 102 ptsPeriods of contraction in the business cycle are known as<br>
Periods of contraction in the business cycle are known as
 
 
 
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Question 112 ptsMost economists believe that changes in the price level have<br>
Most economists believe that changes in the price level have
 
 
 
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Question 122 ptsWhich of the following schools of thought among economists believe that activist stabilization policy is ever desirable?<br>
Which of the following schools of thought among economists believe that activist stabilization policy is ever desirable?
 
 
 
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Question 132 ptsStabilization policy refers to attempts to<br>
Stabilization policy refers to attempts to
 
 
 
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Question 142 ptsIn the new Keynesian approach, an increase in the nominal money supply<br>
In the new Keynesian approach, an increase in the nominal money supply
 
 
 
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Question 152 ptsWhom did President Jimmy Carter appoint chair of the Board of Governors of the Fed in order to convince the public about his anti-inflation resolve?<br>
Whom did President Jimmy Carter appoint chair of the Board of Governors of the Fed in order to convince the public about his anti-inflation resolve?
 
 
 
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Question 162 ptsTransactions velocity<br>
Transactions velocity
 
 
 
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Question 172 ptsWhich of the following is true of the new Keynesian view of stabilization policy?<br>
Which of the following is true of the new Keynesian view of stabilization policy?
 
 
 
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Question 182 ptsWhich of the following statements is correct?<br>
Which of the following statements is correct?
 
 
 
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Question 192 ptsDuring the late 1970s, households, businesses, and policymakers shifted to the opinion that<br>
During the late 1970s, households, businesses, and policymakers shifted to the opinion that
 
 
 
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Question 202 ptsAccording to New Keynesians, why does an expected change in the money supply affect output in the short run?<br>
According to New Keynesians, why does an expected change in the money supply affect output in the short run?
 
 
 
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Question 212 ptsAccording to the real business cycle model, the correlation between changes in the money supply and changes in output over the business cycle results from<br>
According to the real business cycle model, the correlation between changes in the money supply and changes in output over the business cycle results from
 
 
 
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Question 222 ptsIn Friedman's theory of money demand, when households expect a high rate of inflation, they will<br>
In Friedman's theory of money demand, when households expect a high rate of inflation, they will
 
 
 
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Question 232 ptsWhich school of thought believes that the Fed should seek to reduce inflation in a major, one-shot policy shift that's announced and credible?<br>
Which school of thought believes that the Fed should seek to reduce inflation in a major, one-shot policy shift that's announced and credible?
 
 
 
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Question 242 ptsAccording to the real business cycle model, in the economy's short run equilibrium,<br>
According to the real business cycle model, in the economy's short run equilibrium,
 
 
 
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Question 252 ptsThe liquidity preference theory was developed by<br>
The liquidity preference theory was developed by
 
 
 
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Question 262 ptsAccording to the real business cycle model, changes in the money supply will affect economic activity<br>
According to the real business cycle model, changes in the money supply will affect economic activity
 
 
 
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Question 272 ptsMovements in the growth rate of the money supply are<br>
Movements in the growth rate of the money supply are
 
 
 
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Question 282 ptsIn the aggregate demand-aggregate supply model, if the Federal Reserve decides to decrease the nominal money supply,<br>
In the aggregate demand-aggregate supply model, if the Federal Reserve decides to decrease the nominal money supply,
 
 
 
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Question 292 ptsA classic example of hyperinflation occurred<br>
A classic example of hyperinflation occurred
 
 
 
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Question 302 ptsUnless ratified by policymakers, cost-push inflation will result in<br>
Unless ratified by policymakers, cost-push inflation will result in
 
 
 
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Question 312 ptsThe velocity of money represents<br>
The velocity of money represents
 
 
 
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Question 322 ptsVelocity equals<br>
Velocity equals
 
 
 
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Question 332 ptsWhich of the following would cause demand for <i>M1</i> to increase?<br>
Which of the following would cause demand for M1 to increase?
 
 
 
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Question 342 ptsA recession begins, but Congress and the President take eighteen months to decide the details of the tax cut that will be used to stimulate the economy. This is an example of<br>
A recession begins, but Congress and the President take eighteen months to decide the details of the tax cut that will be used to stimulate the economy. This is an example of
 
 
 
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Question 352 ptsAt the natural rate of unemployment,<br>
At the natural rate of unemployment,
 
 
 
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Question 362 ptsExpansionary fiscal policy will produce inflation only if<br>
Expansionary fiscal policy will produce inflation only if
 
 
 
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Question 372 ptsIn early 2007, the Bank of England raised its base interest rate unexpectedly. Which school of thought approach to monetary policy did this change in policy most reflect?<br>
In early 2007, the Bank of England raised its base interest rate unexpectedly. Which school of thought approach to monetary policy did this change in policy most reflect?
 
 
 
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Question 382 ptsBen Bernanke and Alan Blinder found evidence that money is<br>
Ben Bernanke and Alan Blinder found evidence that money is
 
 
 
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Question 392 ptsExpansionary shifts of the aggregate demand curve<br>
Expansionary shifts of the aggregate demand curve
 
 
 
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Question 402 ptsThe correct expression for the equation of exchange is<br>
The correct expression for the equation of exchange is
 
 
 
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Question 412 ptsWhich of the following schools of thought among economists believe that unexpected changes in the money supply can affect output in the short run?<br>
Which of the following schools of thought among economists believe that unexpected changes in the money supply can affect output in the short run?
 
 
 
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Question 422 ptsAccording to the Ricardian equivalence proposition,<br>
According to the Ricardian equivalence proposition,
 
 
 
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Question 432 ptsThe low point in a business cycle is known as the<br>
The low point in a business cycle is known as the
 
 
 
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Question 442 ptsStanley Fischer has estimated that the annual excess burden in the United States of an inflation rate of 5% is approximately<br>
Stanley Fischer has estimated that the annual excess burden in the United States of an inflation rate of 5% is approximately
 
 
 
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Question 452 ptsReal money balances equal<br>
Real money balances equal
 
 
 
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Question 462 ptsAccording to Friedman, the opportunity cost of holding money is determined by all of the following EXCEPT<br>
According to Friedman, the opportunity cost of holding money is determined by all of the following EXCEPT
 
 
 
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Question 472 ptsWhich of the following is true?<br>
Which of the following is true?
 
 
 
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Question 482 ptsIn the Baumol-Tobin view, a decrease in interest rates will cause individuals to hold<br>
In the Baumol-Tobin view, a decrease in interest rates will cause individuals to hold
 
 
 
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Question 492 ptsAccording to the new Keynesian approach, changes in the money supply will affect output<br>
According to the new Keynesian approach, changes in the money supply will affect output
 
 
 
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Question 502 ptsWhich of the following statements is correct according to both new classical and new Keynesian economists?<br>
Which of the following statements is correct according to both new classical and new Keynesian economists?
 
 
 
    • Posted: 5 years ago
    • Due: 
    • Budget: $35