When expansionary monetary policy pushes real interest rates to an artificial low, the Austrian view of the business cycle predicts this will lead to
a. an increase in aggregate demand and a lengthy expansion in real output.
b. a recession, followed by a strong and lengthy expansion in real output.
c. malinvestment during an economic boom, followed by a recession.
d. malinvestment during a temporary recession, followed by a strong and lengthy economic boom.
C
Economics
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The currency of the United States is:
a. backed dollar for dollar by gold. b. backed by a gold cover of 50 percent. c. not backed by any precious metal. d. backed by the government's silver reserves. e. backed by the government's gold and silver reserves.
Economics
A typical indifference curve is upward sloping
a. True b. False Indicate whether the statement is true or false
Economics