Policy directives used by the Fed to moderate swings in the business cycle are considered
a. moderating fiscal policy
b. countercyclical monetary policy
c. accelerating monetary policy
d. reserve requirement rates
e. federal funds policy
B
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The purchase by the Canadian government of a fighter jet produced in the United States is included in U.S
A) consumption spending. B) investment spending. C) government purchases. D) net exports.
The Bretton Woods system fixed all exchange rates in terms of the U.S. dollar
a. True b. False
_______ economics is most closely associated with fighting recessions and depressions.
A. Classical B. Supply-side C. Keynesian D. Monetarist
If a monopolist is producing a level of output at which demand is inelastic, then
A. the firm is not maximizing profit. B. marginal revenue is positive. C. total revenue will decrease if the firm produces more output. D. both a and b E. both a and c