The policy rate is
A) determined by monetary policy.
B) a real interest rate.
C) a risk premium.
D) entering the IS equation.
A
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The tax multiplier is negative because
A) tax rates are inversely related to tax revenues. B) taxes always have a negative impact on the economy. C) increases in taxes decrease disposable personal income and lead to a reduction in consumption spending. D) increases in consumption spending have a negative impact on tax revenues.
In economics, items that are used to produce goods and services are known as
A) wants. B) aggregates. C) factors of need. D) resources.
The American Federation of Labor was founded on the principles of racial and worker solidarity
Indicate whether the statement is true or false
A market that consists of only a few large firms is probably a(n):
A. monopoly. B. perfectly competitive market. C. monopolistically competitive market. D. oligopoly.