In the open market economy, contractionary fiscal policy would ______the demand for money and interest rates would_______ and the dollar________ and net exports_______
a. increase; rise; appreciates; decrease.
b. increase; fall; depreciates; decrease.
c. decrease; fall; depreciates; increase.
d. decrease; fall; appreciates; increase.
c
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A key reason that Congress established the Fed to act as a lender of last resort was to prevent ________, the process by which a run on one bank spreads to other banks, resulting in a bank panic
A) contagion B) asset inflation C) moral hazard D) bailouts
Air quality in most U.S. cities has ____ since World War II.
A. worsened B. improved C. remained unchanged D. improved slightly before a recent deterioration
A market demand curve is found by adding the individual prices for each quantity demanded
a. True b. False Indicate whether the statement is true or false
The consumer price index is calculated using a fixed basket of goods. Will this always give an accurate representation of the changing cost of living to consumers? Why or why not?