Suppose the government decided to tighten monetary policy and decrease government expenditures. In the short run in the Keynesian model, the effect of these policies would be to ________ the real interest rate and ________ the level of output

A) lower; decrease
B) lower; have an ambiguous effect on
C) have an ambiguous effect on; decrease
D) raise; decrease


C

Economics

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In the figure above, the expected inflation rate is

A) 6 percent. B) 0 percent. C) 2 percent. D) 8 percent. E) 4 percent.

Economics

Families receive income from two primary sources:

a. resource earnings and transfers b. transfers and subsidies c. wages and rents d. transfers and gifts e. interest and dividends

Economics

In long-run equilibrium, a profit-maximizing firm in a monopolistically competitive industry will produce the quantity of output where

A. ATC < P, MR = MC = P. B. ATC = P, MR = MC < P. C. ATC < P, MR + MC < P. D. ATC = P, MR = MC = P.

Economics

What is the level of net benefits when four units are produced?No. units producedTotal RevenueTotal costs0001100502180110325018042902705310380

A. 20 B. -70 C. 70 D. 0

Economics