What was the response to Germany's expansionary fiscal policy from the German central bank, the Bundesbank?
A) It expanded the money supply to ease rates of interest.
B) It made no policy changes.
C) It contracted the money supply and raised interest rates.
D) It began the process of reverting to a gold standard.
Ans: C) It contracted the money supply and raised interest rates.
You might also like to view...
Has not been successful in reducing poverty among elderly Americans.
Answer the following statement(s) true (T) or false (F)
An increase in the interest rate will: a. increase the amount of money borrowed by firms
b. decrease the amount of money borrowed by firms. c. have an ambiguous effect on the amount of money borrowed by firms. d. have no effect on the amount of money borrowed by firms.
A smaller standard error means:?
A. ?a larger t statistic. B. ?a smaller t statistic. C. ?a larger F statistic. D. ?a smaller F statistic.
One of the largest foreign portfolio investments in the U.S. comes from:
A. Chinese purchases of U.S. capital goods. B. U.S. purchases of Chinese government debt. C. U.S. purchases of Chinese consumption goods. D. Chinese purchases of U.S. government debt.