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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Which of the following represents dead capital?
A) capital that lacks clear title of ownership B) capital that has worn out over time C) capital that has become obsolete D) none of the above
In the long run, a 1% increase in real GDP tends to
A) cause a 1% increase in the demand for money. B) cause a less than 1% increase in the demand for money. C) cause a greater than 1% increase in the demand for money. D) have virtually no effect on the demand for money, because the interest rate is the main determinant of the demand for money.
According to research by James Shepherd and Samuel Williamson, colonial coastal commerce comprised about _________ of the volume of total overseas trade
a. one-tenth b. one-third c. one-half d. three-fourths
Some say in-kind transfers are inefficient because:
A. cash transfers allow utility-maximizing individuals to make the best decisions about items they need. B. some of them get traded in a secondary market, implying inefficient distribution. C. it's not what most people want. D. everyone always prefers cash to goods and services.