In an open economy, when the Fed increases the supply of money, it will increase net exports and aggregate demand
a. True
b. False
Indicate whether the statement is true or false
True
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As indicated by real GDP, real GDP per capita and nominal GDP figures, the Great Depression was unmoved by the social reconstruction efforts of President Franklin D. Roosevelt and his supporters
Indicate whether the statement is true or false
Which of the following will shift today's supply curve to the right?
A) Input prices rise. B) Sales taxes increase. C) Prices are expected to be higher in the future. D) Prices are expected to be lower in the future.
Using money as a store of value rather than wheat is: a. safer
b. less expensive. c. both safer and less expensive. d. neither safer nor less expensive.
In response to a severe recession, the Fed more than doubled the monetary base and pushed short-term interest rates to near zero during 2009-2010 . What happened in 2011?
a. The inflation rate soared to double-digit levels. b. Aggregate demand increased and the economy recovered rapidly. c. The large budget deficit of the earlier years was transformed into a budget surplus. d. The high rate of unemployment continued.