Which of the following actions would the Fed take to fight inflation?
(A) Increase the money supply.
(B) Reduce the money supply.
(C) Increase government spending.
(D) Raise taxes.
Ans: (B) Reduce the money supply.
Economics
You might also like to view...
Refer to the above figure. Saving occurs at
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
Economics
During the first year of the Bush administration in 2001, the American economy
a. increased its already rapid growth rate. b. experienced high levels of inflation. c. slowed in its rate of economic growth. d. experienced a decrease in the rate of unemployment.
Economics