At the long-run profit-maximizing output level of a monopolistic competitor, all economies of scale are realized

The Fed decreases the quantity of money to counteract

A) positive net exports. B) a federal budget deficit. C) a rise in the unemployment rate. D) a recessionary ga

Why might the Federal Reserve take an action that reverses expansionary fiscal policy?

A. In order to fight the unemployment caused by the expansionary fiscal policy B. In order to fight the deflation caused by the expansionary fiscal policy C. In order to fight the inflation caused by the expansionary fiscal policy D. To demonstrate its independence from the government