Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
A
Economics
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What is true about the Federal Reserve System?
a. The Fed prints US currency and investigates counterfeit currency cases b. The Fed accepts deposits from and makes loans to commercial banks c. The Fed is a lender of last resort for high-poverty small businesses d. There are 21 Federal Reserve Banks across the US
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Lower real income ________ the demand for money and a lower price level ________ the demand for money.
A. decreases; decreases B. increases; increases C. increases; does not change D. increases; decreases
Economics