13, if the demand for money falls to a greater degree than the money supply is being restricted, then :A, interest rates will fall B, the quantity demanded for money will be greater than the quantity suppliedC, interest rates will rise D, money supply expansion is necessary for achieving the initial target interest rate 14, an important implication of long and variable execution lags associated with monetary policy is thatA, national income can be easily fine-tuned with open market operationsB, monetary policy is never capable of eliminating an inflationary gapC, discretionary monetary policy may prove to be destabilizing D, a stable monetary rule, regardless of demand instability, guaranteed monetary stability 15, the expenence of monetary graduation in the period 1975-1980 in Canada indicated that :A, shifts in the demand for money were unimportant when setting a monetary growth rule B, monetary growth rules ran into problems because of demand for money decreasesC, interest rates the main intermediate target were reasonably easy to achieve D, the demand for M1 was quite stable even though the demand for M2 was quite volatile
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