Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate
B. Buying bonds and increasing the discount rate
C. Decreasing the discount rate and increasing the reserve requirement
D. Decreasing the discount rate and buying bonds
D. Decreasing the discount rate and buying bonds
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Is knowledge capital subject to the law of diminishing returns? Explain
What will be an ideal response?
According to Keynes, the classical model could not explain
A) a recession or depression. B) periods of rising unemployment. C) a long-term economic decline. D) periods of rising interest rates.
The term "utility" means
a. satisfaction b. a low-valued good c. productivity d. adaptability e. efficiency
The full-employment unemployment rate for the United States economy is now generally considered to be:
a. 5 percent of the labor force b. 2 percent of the labor force c. 0 percent of the labor force d. 3 percent of the labor force