Everything else held constant, a monetary expansion is characterized by ________ output and ________ interest rates
A) rising; rising
B) rising; falling
C) falling; rising
D) falling; falling
B
You might also like to view...
Suppose potential GDP is $100 billion and the natural unemployment rate is 5 percent. If the unemployment rate is 6 percent, then according to Okun's Law real GDP is
A) $102 billion. B) $98 billion. C) $101 billion. D) $99 billion. E) $100 billion.
Which of the following is least likely to lead to inflationary monetary policy?
A) rising unemployment B) expanding federal budget deficits C) declining oil prices D) conflict in the Middle East
When graphing the demand curve:
A. quantity goes on the horizontal axis and price goes on the vertical axis. B. quantity goes on the vertical axis and price goes on the horizontal axis. C. both quantity and price go on the horizontal axis. D. it doesn't matter which axis price and quantity are placed on.
The demand curve for spinach shows the quantity demanded of spinach
a. only at the equilibrium price of spinach b. at each possible price of spinach c. as income increases d. as income decreases e. at each possible price of a substitute good