Which of the following is true regarding the effect of deficits from 1980 to 2005 in the United States?
A. They did not lead to substantial inflation because the Fed did not monetize the deficits.
B. They did not lead to substantial inflation because the Fed did monetize the deficits.
C. They led to substantial inflation because the Fed did not monetize the deficits.
D. They led to substantial inflation because the Fed did monetize the deficits.
Answer: A
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Which of the following is true? In the above figure, if the market is
A) a monopoly, output will be Q1 and price will be P3. B) a monopoly, output will be Q3 and price will be P3. C) perfect competition, output will be Q2 and price will be P2. D) perfect competition, output will be Q1 and price will be P1. E) perfect competition, output will be Q3 and price will be P3.
Money supply would expand if people chose to hold borrowed funds in cash rather than in checking accounts
a. True b. False Indicate whether the statement is true or false
If Germany has exports of 90 billion euros and imports of 110 billion euros, then it is running a trade deficit.
Answer the following statement true (T) or false (F)
The maximum value that the Herfindahl-Hirschman Index can attain is
A) 1. B) 10. C) 100. D) 10,000.