Suppose there is a simultaneous fiscal expansion and monetary contraction. We know with certainty that
A) output will increase.
B) output will decrease.
C) the interest rate will increase.
D) the interest rate will decrease.
E) both output and the interest rate will increase.
C
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The monopoly's marginal revenue curve
a. is equivalent to its demand curve b. lies below its demand curve c. is perfectly elastic d. is perfectly inelastic e. has a positive slope
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she has just 19 hours per week that she can spend working at either the bookstore or at other potential jobs. One potential job, at a café, will pay her $12 per hour for up to 7 hours per week. She has another job offer at a garage that will pay her $10 an hour for up to 5 hours per week. And she has a potential job at a daycare center that will pay her $8.50 per hour for as many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
a. 4 hours b. 7 hours c. 12 hours d. 16 hours
When consumers decide to increase household debt, this action will
A. increase the amount consumed along a stable consumption schedule. B. shift the consumption schedule upward. C. decrease the amount consumed along a stable consumption schedule. D. shift the consumption schedule downward.
Which act established rules and regulations for minimum wage, overtime pay, record-keeping and child labor standards?
(a) Fair Labor Standards Act of 1938 (b) Walsh-Healy Act of 1936 (c) National Industrial Recovery Act (1933) (d) Wagner Act of 1935