Hello, I\'m preparing for my econ exam tomorrow! Can you please check my answers

Question

Hello, I'm preparing for my econ exam tomorrow!

Can you please check my answers?

I need correct answers!!

Thanks!.

1. Which of the following statements is true?

A. Money neutrality means nominal changes are irrelevant in the long run; only real changes matter.

B. The classical dichotomy refers to the fact that only real variables are important in the long run.

C. The wealth effect on the part of consumers explains why output is higher when the price level is lower.

D. A falling price level benefits lenders at the expense of borrowers.

E. All of the above are true.

A. spending on Medicare, a health care program for the elderly

B. spending on research and development

C. unemployment compensation

D. spending on the improvement of public roadways

E. all of the above

3.Which of the following statements about economic policy changes is false?

A. Stabilization policy suffers from time lags between the recognition of the problem and the actual effects of the policy.

B. An argument cited against stabilization policy is that too often the stabilizing "fix" does more harm than good.

C. Arguments in favor of committing the central bank to a policy of zero inflation include the notion that inflation results in arbitrary redistributions of wealth.

D. Double taxation means that both the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.

E. Proponents of tax-law changes to encourage saving would argue that corporate tax rates should be increased.

A. Disinflation is defined as a reduction in the rate of inflation.

B. Policymakers can exploit a trade-off between inflation and unemployment in the short run but not in the long run.

C. Unemployment rates below the natural rate of unemployment are difficult to achieve in the short run, but easy to achieve in the long run.

D. The sacrifice ratio is the number of percentage points annual output falls for each percentage point reduction in inflation.

E. In the long run, the inflation rate depends primarily on the money supply growth rate.

Explanation / Answer

some of those answers other chegg members provided are incorrect. Please check Mizzou online website for answers

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