If the stock market booms, then
a. aggregate demand increases, which the Fed could offset by increasing the money supply.
b. aggregate supply increases, which the Fed could offset by increasing the money supply.
c. aggregate demand increases, which the Fed could offset by decreasing the money supply.
d. aggregate supply increases, which the Fed could offset by decreasing the money supply.
c
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Property rights that are granted to the creators of original work to produce and sell that work are called
A) trademarks. B) copyrights. C) patents. D) exclusive franchises.
In the simplest Keynesian model of the determination of income, interest rates are assumed to be
A) exogenous and to gradually change. B) endogenous and to gradually change. C) exogenous and to remain constant. D) endogenous and to remain constant.
The assumption that individuals will not intentionally make decisions that will leave them worse off is known as
A) microeconomic analysis. B) macroeconomic analysis. C) a model or theory. D) the rationality assumption.
Holding other things constant, increases in the price level in the US will
a. Cause the dollar to appreciate b. Cause the dollar to depreciate c. Does not affect the dollar value d. None of the above