Quiznetik
Business Economics Macro | Set 3
1. In the long run, inflation is caused by
A. aggressive labour unions.
B. greedy monopolists.
C. growth in the money supply.
D. global warming.
Correct : C. growth in the money supply.
2. in order to influence spending on goods and services in the short-run, monetary policy is directed at directly influencing...
A. unemployment rates.
B. inflation rates.
C. interest rates.
D. economic growth rates.
Correct : B. inflation rates.