Which of the following disinflationary monetary policies would classical economists prefer?
A) A cold turkey approach that is announced and credible.
B) A cold turkey approach that is announced, but not credible.
C) A gradual approach that is announced and credible.
D) A gradual approach that is unannounced.
A
Economics
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The capital stock of an economy increases: a. whenever money in circulation is decreased. b. whenever gross investment is positive
c. whenever gross investment is negative. d. only if net investment is positive. e. only if gross investment is zero.
Economics
The expansion of 2002 and beyond was due, at least in part to
a. interest rate increases. b. increases in housing wealth. c. increases in investment spending. d. large reductions in federal spending. e. increases in taxes.
Economics