If consumers and businesses are especially pessimistic, as in the Great Recession of 2007-2009, and do not want to borrow money from banks, then the use of an expansionary money policy is likened to:
A. Completing the circle
B. Pushing on a string
C. Filling in the blanks
D. Checking the list
B. Pushing on a string
You might also like to view...
Traditionally, laws of incorporation have been predominantly privileges of the states
Indicate whether the statement is true or false
David Ricardo used the example of land to demonstrate the concept of rent, as the supply of land is
A) perfectly elastic. B) relatively elastic. C) perfectly inelastic. D) negatively sloped.
Between 1870 and 1900, total land under cultivation
a. increased by roughly 25 percent b. increased by roughly 50 percent. c. more than doubled. d. increased fourfold.
If consumer income increases, then the demand for an inferior good shifts right
a. True b. False Indicate whether the statement is true or false