The Fed would be pursuing a contractionary monetary policy if it was
A) selling bonds in the open market.
B) lowering the differential between the discount rate and the federal funds rate.
C) selling dollars in foreign exchange markets.
D) lowering the reserve requirement.
A
Economics
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In which case is total expenditure in an economy NOT equal to total income?
A. if total saving is larger than total investment B. if net exports are not zero C. if inventory investment is negative D. None of the answers is correct—they are always equal.
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In the postwar era, the federal budget has typically been ________
A) balanced B) in surplus C) in deficit D) the largest component of Gross Domestic Product
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