When the Fed unexpectedly increases the money supply,
a. real interest rates will tend to decline.
b. the exchange rate value of the dollar will tend to appreciate.
c. aggregate demand will tend to increase.
d. all of the above are correct.
e. both a and c are correct.
E
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Once you find the opportunity cost of producing one unit of a good, to find the opportunity cost of producing the other good, you must
A) take the inverse. B) do nothing because the opportunity cost for the first good is the same as the opportunity cost for the second good. C) multiply by the total amount produced of the second good. D) divide by the total amount produced of the second good. E) None of the answers is correct.
Richards has filed quarterly reports to the SEC based on information supplied by management. A potential concern of such reliance is which of the following?
a. Privity only b. Liability to 3rd parties. c. Liability to foreseen 3rd parties only. d. Liability to reasonably foreseen 3rd parties only.