With an upward-sloping aggregate supply curve, tight monetary policy:
A. Reduces aggregate demand and decreases inflationary pressures.
B. Reduces aggregate demand and increases inflationary pressures.
C. Raises aggregate demand and increases inflationary pressures.
D. Raises aggregate demand and decreases inflationary pressures.
A. Reduces aggregate demand and decreases inflationary pressures.
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Refer to the table above. At what price does the market for notebooks clear?
A) $3 B) $4 C) $2 D) $5
Which of the following is not a characteristic of an assurance game?
A) Neither player has a dominant strategy. B) Nash equilibria exist at every outcome where the players successfully coordinate. C) Each of the Nash equilibria offers identical payoffs to any particular player. D) The payoff for coordinating is higher than the payoff for not coordinating.
The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods
A) helps developing countries export manufactured products. B) has no effect on developing country exports. C) hurts developing country efforts to export manufactured goods. D) hurts developing country efforts to export raw materials. E) does not affect industrialized countries' exports.
The production approach to measuring GDP requires ________
A) that the market value of a given good is a reasonable approximation of its economic value B) that all goods and services be added up before assigning a market value C) that no good or service rendered outside the market be included in GDP D) all of the above E) none of the above