Why would the Fed intentionally use contractionary monetary policy to reduce real GDP?
A. The Fed intends to reduce unemployment, which occurs if real GDP is greater than potential GDP
B. The Fed intends to reduce real GDP so that real GDP will grow again but at a faster pace
C. The Fed intends to reduce inflation, which occurs if real GDP is greater than potential GDP
C. The Fed intends to reduce inflation, which occurs if real GDP is greater than potential GDP
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Which of the following will cause the LM curve to shift to the left?
A) A decrease in investment B) A decrease in money demand C) An increase in velocity D) A decrease in the money supply
Answer the following statements true (T) or false (F)
1) The likelihood of a rival's announcement of a planned strategy being truthful depends on the degree to which it's interests align with its rivals. 2) It is not possible for a game to have no pure -strategy Nash equilibria. 3) Mixed strategies are inherently random. 4) A manager's optimal decision regarding their firm's strategy requires that the manager also considers their rival's best response. 5) Cheap talk is an example of a refinement.
The GDP in the United States is reported quarterly in terms of
a. weekly rates. b. monthly rates. c. annual rates. d. biannual rates.
Cost-push inflation is caused by: a. an increase in aggregate demand
b. a decrease in aggregate demand. c. an increase in short-run aggregate supply. d. a decrease in short-run aggregate supply.