Supply shocks are a potential source of higher inflation, unless the government counters with ________ policy that ________ the money growth rate
A) extinguishing, reduces
B) extinguishing, increases
C) neutral, leaves unchanged
D) accommodative, reduces
E) accommodative, increases
A
You might also like to view...
Suppose the CPI for this year is 133.7. This number means that
A) on average, goods cost $133.70 each this year. B) prices rose 33.7 percent over the last year. C) prices rose 133.7 percent over the base year. D) prices rose 33.7 percent over the base year. E) prices rose 133.7 percent over the last year.
A standard of deferred payment is most essential in a
a. barter economy. b. cash-only economy. c. credit economy. d. primitive economy.
A revaluation is an increase in the official value of a currency.
Answer the following statement true (T) or false (F)
Use the following figures to answer the next question.
Refer to the above figures with consumption schedules in figure (A) and saving schedules in figure (B), which correspond to each other across different levels of disposable income. If in figure (A), consumption increases along line A2, then in figure (B) there would be a
A. movement up along line B2. B. shift from line B2 to B3. C. shift from line B2 to B1. D. movement down along line B2.