Comparing monetary and fiscal policy:
A. monetary policy is easier to implement.
B. history has shown fiscal policy to be more effective at stabilization.
C. fiscal policy has an advantage because it is faster to implement than monetary policy.
D. fiscal policy is easier to implement.
Answer: A
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The labor supply curve of an inclusive union is perfectly ______.
Fill in the blank(s) with the appropriate word(s).
Another label for the market for loaned funds is the:
A) spot market. B) credit market. C) capital market. D) exchange market.
If the central bank follows a monetary policy in which it maintains a fixed interest rate, then
a. the LM curve will get steeper. b. the IS curve will get steeper. c. the LM curve will become vertical. d. the LM curve will become horizontal. e. none of the above.
The major objective of the European Central Bank is to control taxes as a means of deficit spending
a. true b. false