Monetary policy designed to offset an inflationary gap would:
a. Increase interest rates and increase aggregate demand.
b. Increase interest rates and decrease aggregate demand.
c. Decrease interest rates and increase aggregate demand
d. Decrease interest rates and decrease aggregate demand.
b
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A business produces 5,00 . units per month. Costs include: $12,00 . on raw materials, $20,00 . on operators and $14,00 . on sales people. Other costs of running the factory were $50,00 . for rent and $30,00 . on other fixed overheads. In order to break even the selling price per unit will have to be:
a. $25.20 b. $29.60 c. $20.30 d. $28
The market for _____ is an example of an oligopoly
a. hair gel b. body deodorants c. running shoes d. commercial aircrafts
The net value to the federal government of the bonds currently held in the Social Security Trust Fund is
a. approximately $1 trillion. b. now approaching $2 trillion. c. greater than $2.5 trillion. d. zero, because the federal government is both the payee and recipient of the interest and principal represented by these bonds.
Dierdre just gave birth to twins and now finds herself buying diapers on a weekly basis. Therefore, we can conclude that there is a causal relationship between having newborn twins and purchasing diapers for Dierdre.
Answer the following statement true (T) or false (F)