The conditions for joining the "Euro" single-currency block led a number of European countries to ________ and consequently reduce their debt-GDP ratios
A) tighten monetary policy
B) loosen monetary policy
C) loosen fiscal policy
D) tighten fiscal policy
D
You might also like to view...
In the standard consumption function of C = a + bY, the MPC is
A) Y. B) bY. C) a. D) b.
The firm will rent more and more land until the rent and the ____ of the last unit of land hired are equal.
A. marginal physical product B. MRP C. output
The key feature of monopolistic competition is
A) interdependence of the firms. B) lack of advertisement. C) product differentiation. D) the small number of firms in the industry.
Answer the following questions true (T) or false (F)
1. At a long-run macroeconomic equilibrium, real GDP is always equal to potential GDP. 2. Stagflation occurs when short-run aggregate supply decreases. 3. An increase in government spending will result in an increase in the price level and an increase in real GDP in the long run.