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Econ(Money and banking ) below are the 50 question needed.

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Question 12 ptsA decrease in the price level will lead to<br>
A decrease in the price level will lead to
 

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Question 22 ptsA monopolistically competitive market differs from a perfectly competitive market in that a monopolistically competitive market has<br>
A monopolistically competitive market differs from a perfectly competitive market in that a monopolistically competitive market has
 

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Question 32 ptsWhich of the following would shift the aggregate demand curve to the left?<br>
Which of the following would shift the aggregate demand curve to the left?
 

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Question 42 ptsWhich of the following would NOT shift the aggregate demand curve to the left?<br>
Which of the following would NOT shift the aggregate demand curve to the left?
 

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Question 52 ptsIn the mid 1990s, monthly inflation in Yugoslavia peaked at<br>
In the mid 1990s, monthly inflation in Yugoslavia peaked at
 

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Question 62 ptsAn important difference between Keynes’s approach to the demand for money and Friedman’s approach is that<br>
An important difference between Keynes’s approach to the demand for money and Friedman’s approach is that
 

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Question 72 ptsKeynes assumed that the expected return on bonds is determined by<br>
Keynes assumed that the expected return on bonds is determined by
 

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Question 82 ptsInflation that is higher than expected redistributes wealth from<br>
Inflation that is higher than expected redistributes wealth from
 

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Question 92 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 102 ptsIn the new Keynesian view, which of the following expressions correctly states the relationship between the price that an individual firm with sticky prices charges and the aggregate price level?<br>
In the new Keynesian view, which of the following expressions correctly states the relationship between the price that an individual firm with sticky prices charges and the aggregate price level?
 

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Question 112 ptsAccording to new Keynesians, which of the following is NOT an important source of price stickiness?<br>
According to new Keynesians, which of the following is NOT an important source of price stickiness?
 

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Question 122 ptsGovernment budget deficits can be inflationary in the long run only if they<br>
Government budget deficits can be inflationary in the long run only if they
 

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Question 132 ptsEconomists who back the use of rules by the Fed believe that they would result in<br>
Economists who back the use of rules by the Fed believe that they would result in
 

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Question 142 ptsThe reason that the U.S. economy has experienced long-term inflation since World War II is<br>
The reason that the U.S. economy has experienced long-term inflation since World War II is
 

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Question 152 ptsDemand-pull inflation results from<br>
Demand-pull inflation results from
 

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Question 162 ptsThe Federal Reserve pursued an expansionary monetary policy during 1964 in order to<br>
The Federal Reserve pursued an expansionary monetary policy during 1964 in order to
 

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Question 172 ptsMilton Friedman and Anna Schwartz believe that money’s impact on output appears<br>
Milton Friedman and Anna Schwartz believe that money’s impact on output appears
 

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Question 182 ptsIf the quantity of money is $4 trillion and nominal GDP is $8 trillion, velocity is<br>
If the quantity of money is $4 trillion and nominal GDP is $8 trillion, velocity is
 

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Question 192 ptsThe key reason that expected inflation can distort financial decisions is that<br>
The key reason that expected inflation can distort financial decisions is that
 

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Question 202 ptsWhat action did Milosevic take that led to hyperinflation in Yugoslavia in the mid 1990s?<br>
What action did Milosevic take that led to hyperinflation in Yugoslavia in the mid 1990s?
 

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Question 212 ptsWhich of the following statements is correct concerning the views of new Keynesians and new classicals concerning aggregate supply?<br>
Which of the following statements is correct concerning the views of new Keynesians and new classicals concerning aggregate supply?
 

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Question 222 ptsAn increase in the money supply will tend to raise stock prices and<br>
An increase in the money supply will tend to raise stock prices and
 

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Question 232 ptsIf nominal money balances increase from $2 billion to $3 billion, while the price level increases from 100 to 150, real money balances will<br>
If nominal money balances increase from $2 billion to $3 billion, while the price level increases from 100 to 150, real money balances will
 

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Question 242 ptsWhich of the following statements is correct?<br>
Which of the following statements is correct?
 

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Question 252 ptsIf the expected price level increases at the same time that the federal government cuts taxes, in the short run<br>
If the expected price level increases at the same time that the federal government cuts taxes, in the short run
 

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Question 262 ptsWhy has the Fed made low inflation a major goal in recent decades?<br>
Why has the Fed made low inflation a major goal in recent decades?
 

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Question 272 ptsIn 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 282 ptsWhich of the following is the correct expression of the equation of exchange?<br>
Which of the following is the correct expression of the equation of exchange?
 

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Question 292 ptsDeflation occurs when<br>
Deflation occurs when
 

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Question 302 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 312 ptsAccording to Keynes, the demand for real balances is best expressed by which of the following equations?<br>
According to Keynes, the demand for real balances is best expressed by which of the following equations?
 

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Question 322 ptsThe tendency of individuals to hold money to pay for unexpected transactions is known as<br>
The tendency of individuals to hold money to pay for unexpected transactions is known as
 

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Question 332 ptsAt the natural rate of unemployment,<br>
At the natural rate of unemployment,
 

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Question 342 ptsWhich of the following is a correct characterization of the views of economists on the relation between changes in the money supply and changes in output in the short run?<br>
Which of the following is a correct characterization of the views of economists on the relation between changes in the money supply and changes in output in the short run?
 

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Question 352 ptsThe effects of interest rates on the transactions demand for money<br>
The effects of interest rates on the transactions demand for money
 

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Question 362 ptsThe volume of transactions is<br>
The volume of transactions is
 

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Question 372 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 382 ptsAccording to Keynes, if the interest rate on bond falls, but aggregate income doesn’t change,<br>
According to Keynes, if the interest rate on bond falls, but aggregate income doesn’t change,
 

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Question 392 ptsIf wages and prices in long-term contracts were fully indexed,<br>
If wages and prices in long-term contracts were fully indexed,
 

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Question 402 ptsWhen economists state that in the long run prices are flexible they mean that<br>
When economists state that in the long run prices are flexible they mean that
 

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Question 412 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 422 ptsReal money balances equal<br>
Real money balances equal
 

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Question 432 ptsAn increase in the money supply will result in a lower exchange rate because<br>
An increase in the money supply will result in a lower exchange rate because
 

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Question 442 ptsIn the period since 1914,<br>
In the period since 1914,
 

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Question 452 ptsIn 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 462 ptsIn terms of the <i>AD-AS</i> model, the new classical approach indicates that an unexpected decrease in the money supply will affect output because it will cause<br>
In terms of the AD-AS model, the new classical approach indicates that an unexpected decrease in the money supply will affect output because it will cause
 

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Question 472 ptsIn 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 482 ptsWhich of the following statements is correct?<br>
Which of the following statements is correct?
 

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Question 492 ptsIf nothing else changes, a higher price level<br>
If nothing else changes, a higher price level
 

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Question 502 ptsSustained inflation will be caused by a sustained growth in the nominal money supply at a rate faster than the growth rate of velocity and the growth rate of output according to<br>
Sustained inflation will be caused by a sustained growth in the nominal money supply at a rate faster than the growth rate of velocity and the growth rate of output according to

 

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