chap23

Economics of Money, Banking and Financial Markets, The (9th Edition)

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Economics of Money, Banking, and Financial Markets, 8e (Mishkin) Chapter 23 23.1 Framework for Evaluating Empirical Evidence   1) 
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Evidence that examines whether one variable has an effect on another by simply looking directly at the relationship between the two variables is A) 
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reduced-form evidence. B) 
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organizational- model evidence. C) 
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direct-model evidence. D) 
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structural- model evidence. Answer:  
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Ques Status: Previous Edition    2) 
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Evidence that is based on a variable having its effect on another variable through channels rather than a direct effect is known as A) 
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indirect-model evidence. B) 
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organizational- model evidence. C) 
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reduced-form evidence. D) 
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structural- model evidence. Answer:  
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Ques Status: Previous Edition    3) 
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On the evening news you hear of a scientific study that directly links premature births to cigarette smoking. This is an example of A) 
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direct-model evidence. B) 
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informed voter- model evidence. C) 
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structural- model evidence. D) 
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reduced-form evidence. Answer:  
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Ques Status: Previous Edition    4) 
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The monetaris t-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on A) 
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structural- model evidence, while Keynesians focus on reduced-form evidence. B) 
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reduced-form evidence, while Keynesians focus on structural-model evidence. C) 
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reduced-form evidence, while Keynesians focus on direct-model evidence. D) 
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structural- model evidence, while Keynesians focus on direct-model evidence. Answer:  
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Ques Status: Previous Edition    5) 
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The channels through which monetary policy affects economic activity are called the ________ of monetary policy. A) 
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transmission mechanisms B) 
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flow mechanisms C) 
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distribution mechanisms D) 
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allocational mechanisms Answer:  
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chap23 - Economics of Money, Banking, and Financial...

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