Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to fall.
b. M2 money supply to rise.
c. M2 money multiplier to remain the same.
d. M2 money supply to fall.
.C
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Which of the following measures did President Bush adopt in 2001 to get the economy moving again?
a. A hike in the wages of workers b. A ten-year tax cut c. An increase in taxes on high-income households d. Liquidation of money supply e. A decrease in government spending
Constructing the Phillips curve: __________ is measured on the vertical axis and __________ is measured on the horizontal axis
a. rate of inflation, rate of unemployment b. level of inflation, level of unemployment c. nominal GDP, real GDP d. aggregate demand, aggregate supply e. percent of automatic stabilization, percent of discretionary stabilization
Sticky prices are a direct result of the kinked demand curve
a. True b. False Indicate whether the statement is true or false
Economists who identify a goal and then design a mechanism to achieve that goal are engaging in:
A. choice architecture. B. laissez-faire policies. C. setting money prices. D. mechanism design.