The aggregate demand curve is Y = 15 - 0.2? when the inflation rate falls from 6 percent to 5 percent. Then, output increases from 13.8 to 17. The response of monetary policy to the inflation decline has been ________
A) autonomous tightening
B) automatic adjustment
C) autonomous easing
D) to increase autonomous spending
E) none of the above
C
Economics
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If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that
A) demand decreased. B) supply decreased. C) supply increased. D) demand increased.
Economics
If you buy a DVD player produced in Japan, a
A) good was exported by Japan and imported by the United States. B) good was imported by Japan and by the United States. C) service was imported by Japan and exported by the United States. D) service was exported by Japan and imported by the United States. E) good was exported by Japan and by the United States.
Economics