When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

A. decline; lower; expand
B. increase; raise; decline
C. decline; lower; decline
D. decline; raise; decline


Answer: B

Economics

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The above figure shows the market for game day t-shirts. If the price of t-shirts is $10, then

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What are the three main kinds of unemployment?

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Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty

a. True b. False Indicate whether the statement is true or false

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