When the economy is already at relatively high levels of employment, if policy makers try to further reduce the unemployment levels through expansionary policies, what will be the likely result?
Further stimulating fiscal or monetary policy would just increase inflation and would likely not have much impact at lowering the unemployment rate further.
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Refer to the Article Summary. Senator Pat Toomey brought the Fed's credibility into question when it once again delayed raising interest rates despite several prior announcements alluding to timing for a potential interest rate hike
Prior to this, over the past two decades whenever a change in Fed policy had been announced, the change has ________ taken place, leading to ________ credibility. A) rarely; less B) rarely; greater C) actually; greater D) actually; less
The nominal money supply fell faster in 1929–32 than did prices
Indicate whether the statement is true or false
A specific tax imposed on a monopolist may increase the price by more than the tax
Indicate whether the statement is true or false
Distinguish the laws of demand and supply. How are the laws of demand and supply illustrated graphically?