Stabilization policies are actions taken to bring the economy closer to full employment.
Answer the following statement true (T) or false (F)
True
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If policymakers deem inflation as being too high, then the policy response should be monetary ________, which shifts aggregate demand______.
A. easing; a left B. easing; right C. tightening; left D. tightening; right
The deposit expansion multiplier would increase if the Fed were to
A) raise the required reserve ratio. B) lower the required reserve ratio. C) raise the discount rate. D) sell bonds.
At the equilibrium price
a. only sellers who value the product more than the equilibrium price would be willing to sell b. only buyers who value the product less than the equilibrium price would be willing to buy c. only buyers who value the product more than the equilibrium price would be willing to buy d. None of the parties would be willing to trade
The social problem of resource allocation requires society to decide
a. all of the following b. both d and e c. how output should be produced d. what goods and services should be produced e. who gets what society produces