The Term Monetary Impotence Refers to the

question 42

Multiple Choice

The term monetary impotence refers to the

• A)failure of firms to lower prices even when wages are falling.
• B)problems that an economy faces when industries are not perfectly competitive and prices do not fluctuate.
• C)failure of fiscal policy to drive down prices in a depression.
• D)inability of an increase in real balances to raise the level of output.

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An approach to finding innovative solutions to complex problems through creative and critical thinking strategies.

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