Economic Science Has Provided Convincing Evidence in Favor of The

question 7

Multiple Choice

Economic science has provided convincing evidence in favor of the:

• A) rule favoring a constant rate of growth of the money supply.
• B) rule favoring use of the money supply to hit a nominal GDP target.
• C) rule requiring a constantly balanced budget for the federal government.
• D) fact that there is no simple and compelling case for any particular view of macroeconomic policy.

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Definitions:

Ventral Cavity

The human body cavity located at the front, which houses organs including the heart, lungs, intestines, and liver.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.

Stimulus

Anything that can provoke a response in an organism or part of the body.

Pleural Cavity

The thin fluid-filled space between the two pulmonary pleurae (visceral and parietal) of each lung, involved in respiratory mechanics.