The slow growth coming out of the Great Recession caused the Fed to
A. focus exclusively on the traditional tools of monetary policy.
B. employ discretionary fiscal policy.
C. employ nondiscretionary fiscal policy.
D. employ new tools of monetary policy.
Answer: D
You might also like to view...
Playing the game in Scenario 13.12 sequentially would
A) not change the equilibrium. B) change the equilibrium to (R1,C1 ). C) change the equilibrium to (R2,C1 ) if R moved first. D) change the equilibrium to (R2,C1 ) if C moved first. E) change the equilibrium to (R2,C2 ).
A monopsonist will buy ________ units of input than a competitor, and will pay ________ per unit
A) fewer; less B) more; less C) fewer; more D) more; more
The aggregate demand curve plots
A. total expenditures against the level of employment. B. employment against the price level. C. planned expenditures against the price level. D. desired expenditures against production.
Refer to the data. If the consumer has money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing:
Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K.
A. 2 units of J and 7 units of K.
B. 5 units of J and 5 units of K.
C. 4 units of J and 5 units of K.
D. 6 units of J and 3 units of K.