If the President and Congress agree to balance the budget during a recession, then the appropriate monetary policy is

a. no change from the current policy.
b. reduce the growth of the money supply.
c. constant growth of the money supply.
d. increase the growth of the money supply.


d

Economics

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A market is defined as

A) the physical place where goods (but not services) are sold. B) the physical place where goods and services are sold. C) any arrangement that brings buyers and sellers together. D) a place where money is exchanged for goods. E) another name for a store.

Economics

In the figure above, compared to a perfectly competitive industry with the same costs, a single-price, unregulated monopoly will raise the price by

A) $2.00 per unit. B) $4.00 per unit. C) $6.00 per unit. D) $8.00 per unit.

Economics

When government mandates participation in a program to solve an information asymmetry problem, it is trying to prevent:

A. building a reputation. B. illegal screening. C. moral hazard. D. adverse selection.

Economics

Gross investment is the

A. Wearing out of plant and equipment. B. Consumption of capital in the production process. C. Alternative combinations of final goods and services that can be produced with all available resources and technology. D. Total investment expenditure in a given time period.

Economics