Other things equal, the level of real GDP will tend to increase in the short run:
a. if reserve requirements are decreased
b. if the Fed decreases the interest rate it pays on bank reserves
c. if there is an open market purchase by the Fed.
d. all of the above
d
You might also like to view...
The abrupt end of long distance cattle drives in 1885 was primarily due to
a. the development of railroad cars that could haul cattle. b. organized efforts by northern cattlemen to reduce overstocking of cattle on the northern ranges. c. the advent of barbed wire fences. d. a reduced demand for beef in both domestic and export markets.
The marginal rate of substitution represents the maximum amount of one commodity a consumer is willing to give up in exchange for one more unit of another commodity
a. True b. False Indicate whether the statement is true or false
Cleaning an environment may lead to
a. less production. b. higher prices. c. lower incomes. d. all of the above.
When we consider our savings, interest rates ________ and inflation rates ________ the value.
A. have no real effect; decrease B. increase; increase C. increase; decrease D. decrease; increase