Suppose that the economy is currently at full employment. All other things being equal, if the government implements restrictive policies then the appropriate monetary policy is
a. no change from the current policy.
b. reduce the growth of the money supply.
c. constant growth of the money supply.
d. increase the growth of the money supply.
d
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How does an increase in competition in an industry usually affect productivity?
What will be an ideal response?
Which of the following is not an important objective of development?
a. increases in per capita income b. the expansion of available choices c. increases in individual and national self-esteem d. all of the above are important objectives of development
In the market for bank reserves, the supply of reserves is
A) an upward sloping curve. B) a downward sloping curve. C) a vertical curve. D) none of the above.
The law of demand indicates that as the price of a good increases:
A. suppliers sell less of it. B. suppliers sell more of it. C. buyers want to buy less of it. D. buyers want to buy more of it.