According to Keynesians, for monetary policy to have a stimulative effect on GDP, a(n):

a. increase in the money supply lowers the interest rate in order to stimulate higher levels of investment.
b. increase in the money supply lowers the interest rate in order to lower levels of investment.
c. decrease in the money supply lowers interest rate in order to stimulate higher levels of investment
d. decrease in the money supply causes the interest rate to rise in order to stimulate higher levels of investment.
e. increase in the money supply causes the interest rate to rise in order to stimulate higher levels of investment.


a

Economics

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Frederic Bastiat and Adam Smith both presented cogent arguments

A. for protection of infant industries. B. for protection against trade with countries that had low wages. C. for protection for industries important to national defense. D. for free trade.

Economics

The appreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents

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Economics

Explain how tax revenue can be both an automatic fiscal policy and a discretionary fiscal policy

What will be an ideal response?

Economics