The impact of monetary policy on prices and output depends on the
A. regulations passed by Congress.
B. cooperation from business leaders.
C. slope of the aggregate demand curve.
D. slope of the aggregate supply curve.
D. slope of the aggregate supply curve.
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Refer to Supply and Demand. The social gain from a draft is represented by
The following questions refer to the accompanying graph, which shows the supply and demand for military service where Q0 represents the quantity provided by a volunteer army and Qd the quantity provided by a draft.
a. areas A + B + F.
b. areas A + B + F - E.
c. areas B + F.
d. Areas A + B + C + D.
Assuming all excess reserves are loaned out, if the reserve ratio is 1 percent, the money multiplier will be equal to
A) 1. B) 10. C) 11. D) 100.
Based on the Taylor rule, in the 1980s, monetary policy was
A) too tight. B) too easy. C) just about right. D) too tight in the first half of the decade and too easy in the second half.
President Jackson's reasons for vetoing the recharter of the Second Bank of the United States did not include
a. fears that the bank was nearing insolvency. b. questions of constitutionality. c. concerns over foreign ownership. d. fears that the bank could undo democracy itself.