The provision of additional cash to the banking system is an example of ________ policy.
A. fiscal
B. structural
C. aggregation
D. monetary
Answer: D
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Describe the field of economics known as macroeconomics
What will be an ideal response?
The substitution effect of a decrease in the price of an inferior good encourages the consumer to purchase more of the good while the income effect encourages the consumer to purchase less of it
a. True b. False
A divisive society is a nonexcludable public _____________ because it comes with ____________
A) good; utility B) bad; disutility C) bad; utility D) good; disutility
In new Keynesian theory, the pattern of inflation exhibited by an economy with growing aggregate demand known as inflation dynamics is
A. initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. B. initially sluggish downward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. C. initially sluggish upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future. D. initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future.