Between 2001 and 2003, the Federal Reserve cut interest rates 12 times. This is an example of
A. nondiscretionary fiscal policy.
B. contractionary monetary policy.
C. discretionary fiscal policy.
D. expansionary monetary policy.
Answer: D
Economics
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Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Nominal GDP in 2012 is equal to
A) $500. B) $625. C) $640. D) $800. E) $100.
Economics
Macroeconomists are concerned about changes in the unemployment rate because changes in the unemployment rate provide information about
A) the state of the economy. B) the welfare of those who are unemployed. C) none of the above D) both A and B
Economics