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

People's decision to hold money based on the comparison of the relative returns of money and nonmoney assets is known as

 

According to Friedman, the opportunity cost of holding money depends on all of the following EXCEPT

 

If in the short run prices did not respond at all to changes in aggregate demand, the short-run aggregate supply curve would

 

Sustained growth in the money supply doesn't affect real output in the long run but does lead to inflation according to

 

Which of the following is a likely causative factor in the movement of M1 velocity during the 1980s?

 

Business cycles typically last

 

Cost-push inflation

 

According to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because

 

Inflation generates an excess burden whenever

 

Periods of contraction in the business cycle are known as

 

Most economists believe that changes in the price level have

 

Which of the following schools of thought among economists believe that activist stabilization policy is ever desirable?

 

Stabilization policy refers to attempts to

 

In the new Keynesian approach, an increase in the nominal money supply

 

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?

 

Transactions velocity

 

Which of the following is true of the new Keynesian view of stabilization policy?

 

Which of the following statements is correct?

 

During the late 1970s, households, businesses, and policymakers shifted to the opinion that

 

According to New Keynesians, why does an expected change in the money supply affect output in the short run?

 

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

 

In Friedman's theory of money demand, when households expect a high rate of inflation, they will

 

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?

 

According to the real business cycle model, in the economy's short run equilibrium,

 

The liquidity preference theory was developed by

 

According to the real business cycle model, changes in the money supply will affect economic activity

 

Movements in the growth rate of the money supply are

 

In the aggregate demand-aggregate supply model, if the Federal Reserve decides to decrease the nominal money supply,

 

A classic example of hyperinflation occurred

 

Unless ratified by policymakers, cost-push inflation will result in

 

The velocity of money represents

 

Velocity equals

 

Which of the following would cause demand for M1 to increase?

 

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

 

At the natural rate of unemployment,

 

Expansionary fiscal policy will produce inflation only if

 

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?

 

Ben Bernanke and Alan Blinder found evidence that money is

 

Expansionary shifts of the aggregate demand curve

 

The correct expression for the equation of exchange is

 

Which of the following schools of thought among economists believe that unexpected changes in the money supply can affect output in the short run?

 

According to the Ricardian equivalence proposition,

 

The low point in a business cycle is known as the

 

Stanley Fischer has estimated that the annual excess burden in the United States of an inflation rate of 5% is approximately

 

Real money balances equal

 

According to Friedman, the opportunity cost of holding money is determined by all of the following EXCEPT

 

Which of the following is true?

 

In the Baumol-Tobin view, a decrease in interest rates will cause individuals to hold

 

According to the new Keynesian approach, changes in the money supply will affect output

 

Which of the following statements is correct according to both new classical and new Keynesian economists?