A shift to a more expansionary monetary policy will
a. increase the long-term growth rate of the economy.
b. reduce the future rate of inflation.
c. Stimulate output and employment almost immediately.
d. Stimulate output and employment, but only after a time lag that is generally long and variable.
D
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Saving equals:
A. assets minus liabilities. B. wealth minus assets. C. current income minus spending on current needs. D. current spending minus current income.
A graph shows the wages of factory workers. The slope of the line is positive for periods when the wage rate is
A) falling. B) rising. C) high but not rising any higher. D) low.
To achieve the optimal provision of public goods, the
a. market should be allowed to arrive at an equilibrium without government intervention. b. government must limit the provision of the goods. c. government must tax producers of the goods. d. government must either provide the goods or subsidize their production.
Describe the economic conditions of the Great Recession
What will be an ideal response?