Monetary policy has a ________ effect on aggregate demand in a(n) ________ economy, and fiscal policy has a ________ effect on aggregate demand in a(n) ________ economy
A) stronger; closed; weaker; open B) stronger; open; weaker; open
C) weaker; open; weaker; open D) weaker; closed; weaker; closed
B
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Which of the following countries has lower income mobility than the United States?
A. United Kingdom B. Germany C. Neither of these countries have lower income mobility than the United States. D. Both of these countries have lower income mobility than the United States.
A relatively flat demand curve indicates that
a. quantity demanded will adjust only slightly to a price change. b. quantity demanded will adjust significantly to a price change. c. quantity demanded will not adjust to a price change. d. the change in quantity demanded will exactly equal a change in price.
If P denotes the price of goods and services measured in terms of money, then
a. 1/P represents the value of money measured in terms of goods and services. b. P can be regarded as the "overall price level.". c. an increase in the value of money is associated with a decrease in P. d. All of the above are correct.
The MPC is about
A. .1.
B. .15.
C. .2.
D. .25.