A Policy Implication of Monetarism Is That

question 70

Multiple Choice

A policy implication of monetarism is that:

• A) full employment will always be maintained.
• B) countercyclical policies have no effect on the economy.
• C) the growth of the money supply is caused by economic fluctuations.
• D) constant growth of the money supply is better than discretionary policies.

Comprehend the theory behind international trade and the factors that drive it.

Understand the conditions under which countries stand to gain or lose from trade.

Assess the role of exchange rates in determining trade flows between countries.

Understand the principles of opportunity cost in the context of production possibilities.

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Definitions:

Feminization of Poverty

Refers to the phenomenon where women represent disproportionate percentages of the world's poor, often due to lower wages, unemployment, and bearing the sole responsibility for child care.

Misogyny

An ingrained prejudice against women; dislike, contempt, or hatred of women.

LGBTQ People

Individuals who identify as lesbian, gay, bisexual, transgender, queer or questioning, representing a diverse range of sexual orientations and gender identities.

Same-Sex Marriage

Federally recognized marriage between members of the same sex; made legal in the United States in 2015.