Consumers who are loyal to a brand will purchase products under that brand name even if their prices are above other competing brands

If GDP is currently $13 trillion and is growing at a rate of 2.3% per year, how long will it take GDP to reach $26 trillion?

A) about 15 years B) about 17 years C) about 25 years D) about 30 years

If the Fed orders an expansionary monetary policy, describe what will happen to the following variables relative to what would have happened without the policy:

a. The money supply b. Interest rates c. Investment d. Consumption e. Net Exports f. The aggregate demand curve g. Real GDP h. The price level