The contemporary consensus with regard to stabilization policy is that

a. fiscal policy is, for now, the "only game in town."

b. fiscal policy is more effective than monetary policy.

c. monetary policy is, for now, the "only game in town."

d. monetary policy is slightly more effective than fiscal policy.

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve