Classify each of the statements as true or false.
1. classical macroeconomists believed that unemployment could be kept low only through monetarypolicy free of political influence.
2. discretionary fiscal policy is the preferred method of economic stabilization by modernmacroeconomists because it avoids the risk of a political business cycle.
3. originally, monetarists believed that since the velocity of money was stable in the short run, thebest way to assure economic growth was to gradually and consistently increase the money supply.
4. the key result of real business cycle theory is that the expectations of business owners is theprimary driver of the business cycle because these expectations will affect their decisions, resultingin real economic impacts.
4. the political business cycle captures the relationship between the political party in office and thegrowth rate of the economy.

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?