When output is below potential and the policy rate has hit the floor of zero, the resulting fall in inflation leads to ________ real interest rates, which ________ output further, which causes inflation to fall further
A) lower; increase
B) higher; depress
C) higher; increase
D) lower; depress
B
Economics
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A) increase in government spending. B) decrease in the price of oil. C) increase in taxes. D) a massive crop failure.
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Explain the relationship between the incidence of a tax and elasticity
What will be an ideal response?
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Russia is a member of the European Union
Indicate whether the statement is true or false
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The American Federation of Labor was founded on the principles of racial and worker solidarity
Indicate whether the statement is true or false
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