Which of the following statements best describes monetary and fiscal policy?
a. Both monetary policy and fiscal policy can be changed several times each year.
b. Both monetary policy and fiscal policy are much slower to be enacted.
c. Monetary policy can be changed several times each year, but fiscal policy is much slower to be enacted.
d. Fiscal policy can be changed several times each year, but monetary policy is much slower to be enacted.
c. Monetary policy can be changed several times each year, but fiscal policy is much slower to be enacted.
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The law of demand states that
A) people demand less at lower prices. B) the quantity demanded is directly related to price. C) the quantity demanded is inversely related to price. D) changes in price and changes in quantity demanded move in the same direction.
Which of the following is not one of the three pillars of productivity growth?
a. rate of capacity utilization b. rate of technological improvement c. rate of improvement in workforce quality d. rate of capital expansion
The demand curve for money
a. shows the amount of money balances that individuals and businesses wish to hold at various interest rates. b. reflects the open market operations policy of the Federal Reserve. c. shows the amount of money that individuals and businesses wish to hold at various price levels. d. reflects the discount rate policy of the Federal Reserve.
The country of Mu has continuous strong economic growth and a persistently steady price level. This situation is most likely the result of aggregate demand growing ________ aggregate supply.
What will be an ideal response?