Aggregate demand is the:
A. Total quantity of output demanded at alternative price levels.
B. Total quantity of output demanded but only at full employment.
C. Quantity of goods demanded by the largest corporations in the country.
D. Quantity of new goods and services produced.
A. Total quantity of output demanded at alternative price levels.
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If the required reserve ratio decreases, the
The monetary transmission mechanism that links monetary policy to GDP through real interest rates and investment spending is called the
A) traditional interest-rate channel. B) Tobins' q theory. C) wealth effects. D) cash flow channel.
Which of the following Fed actions increases the money supply?
A. Increasing reserve requirements B. Selling government securities in the open market C. Decreasing the amount of loans made to commercial banks D. Buying government securities in the open market
John Maynard Keynes' most notable published work is entitled
A. Capitalism Doomed. B. The Communist Manifesto. C. Freakonomics. D. The General Theory of Employment, Interest, and Money.