Which of the following is likely to happen if the Fed conducts a contractionary monetary policy?
A) Labor demand will increase.
B) The nominal interest rate will decrease.
C) The stock of money in the economy will decrease.
D) Banks will make more loans.
C
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While Medicaid is targeted towards low-income individuals, exact qualifications are determined by _____
a. the Department of Health and Human Services b. state governments c. local governments d. judicial rulings
Technological progress has played a very important role in China's economic growth. Where does the technological progress in China come from?
What will be an ideal response?
Recessions typically cause the unemployment rate to ________ and the inflation rate to ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
The Freedom to Farm Act of 1996 was supposed to get the government out of agriculture. So, why was emergency aid been given to farmers?
What will be an ideal response?