(I)  a Monetary Policy That Results in Price Stability Will Encourage

question 111

Multiple Choice

(I)   A monetary policy that results in price stability will encourage the realization of gains from trade and thereby help promote economic growth.
(II)   High tariffs and restrictive quotas will encourage rapid economic growth.

• A) I is true; II is false.
• B) II is true; I is false.
• C) Both I and II are true.
• D) Both I and II are false.

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Definitions:

Vibrating

A process or state characterized by rapid oscillations or movements back and forth or up and down, often at a relatively fixed frequency.

Resistance Start Induction-run Motor

A type of single-phase induction motor that uses an external resistor to increase starting torque, which is removed once the motor reaches a certain speed.

Start Winding

The winding of a split-phase motor that is connected out of phase with the run winding to produce a rotating magnetic field.

Centrifugal Switch

A switch sensitive to the speed of rotation, generally used to disconnect the start windings of a split-phase motor.