economist Please 50 questions assighnment

Question 1
2 pts
The best explanation of why the aggregate demand curve has a negative slope is that<br>
The best explanation of why the aggregate demand curve has a negative slope is that

 

 

 

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Question 2
2 pts
Transactions velocity<br>
Transactions velocity

 

 

 

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Question 3
2 pts
In the new classical view, if the Chairman of the Fed announces a 10% increase in the money supply and then takes actions that cause the money supply to grow by more than 10%, the result will be<br>
In the new classical view, if the Chairman of the Fed announces a 10% increase in the money supply and then takes actions that cause the money supply to grow by more than 10%, the result will be

 

 

 

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Question 4
2 pts
According to the new classical view, when the actual price level is greater than the expected price level<br>
According to the new classical view, when the actual price level is greater than the expected price level

 

 

 

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Question 5
2 pts
Business cycles<br>
Business cycles

 

 

 

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Question 6
2 pts
In the new Keynesian view, the larger the proportion of firms in the economy with sticky prices,<br>
In the new Keynesian view, the larger the proportion of firms in the economy with sticky prices,

 

 

 

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Question 7
2 pts
In the new Keynesian expression for the price level, <i>c</i> represents<br>
In the new Keynesian expression for the price level, 
c represents

 

 

 

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Question 8
2 pts
The book in which Milton Friedman and Anna Schwartz reported on their study of the relation between money and the business cycle is<br>
The book in which Milton Friedman and Anna Schwartz reported on their study of the relation between money and the business cycle is

 

 

 

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Question 9
2 pts
In 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 10
2 pts
In the new Keynesian approach, an increase in the nominal money supply affects output by<br>
In the new Keynesian approach, an increase in the nominal money supply affects output by

 

 

 

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Question 11
2 pts
During the years from 1964 to 1969, inflation increased in the United States<br>
During the years from 1964 to 1969, inflation increased in the United States

 

 

 

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Question 12
2 pts
The expression for velocity derived from Keynes’s liquidity preference theory is<br>
The expression for velocity derived from Keynes’s liquidity preference theory is

 

 

 

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Question 13
2 pts
Which of the following expressions is correct?<br>
Which of the following expressions is correct?

 

 

 

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Question 14
2 pts
Holding everything else constant, the increased use of credit cards in recent years probably<br>
Holding everything else constant, the increased use of credit cards in recent years probably

 

 

 

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Question 15
2 pts
The simultaneous equilibrium of the money, nonmoney asset, and goods markets is known as<br>
The simultaneous equilibrium of the money, nonmoney asset, and goods markets is known as

 

 

 

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Question 16
2 pts
Historical evidence suggests that the predictions of the real business cycle view are<br>
Historical evidence suggests that the predictions of the real business cycle view are

 

 

 

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Question 17
2 pts
Milton Friedman and Anna Schwartz believe that their evidence indicates that money growth causes output fluctuations because they discovered that<br>
Milton Friedman and Anna Schwartz believe that their evidence indicates that money growth causes output fluctuations because they discovered that

 

 

 

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Question 18
2 pts
According 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 19
2 pts
Ben 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 20
2 pts
According 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 21
2 pts
In the new classical view, whether changes in the nominal money supply affect output in the short run depends on whether<br>
In the new classical view, whether changes in the nominal money supply affect output in the short run depends on whether

 

 

 

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Question 22
2 pts
The long-run Phillips curve illustrates<br>
The long-run Phillips curve illustrates

 

 

 

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Question 23
2 pts
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?<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 24
2 pts
When output exceeds its full-employment level,<br>
When output exceeds its full-employment level,

 

 

 

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Question 25
2 pts
Economists believe that the most serious costs of inflation arise from<br>
Economists believe that the most serious costs of inflation arise from

 

 

 

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Question 26
2 pts
What does the coefficient <i>a</i> in the new classical expression for short-run aggregate supply represent?<br>
What does the coefficient 
a in the new classical expression for short-run aggregate supply represent?

 

 

 

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Question 27
2 pts
Which of the following statements is correct?<br>
Which of the following statements is correct?

 

 

 

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Question 28
2 pts
A decrease in the price level will lead to<br>
A decrease in the price level will lead to

 

 

 

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