The new growth theory would be most likely to lend support for increased government support for

If the money multiplier is 10, the purchase of $1 billion of securities by the Fed on the open market causes a

A) $10 billion decrease in the money supply. B) $1 billion decrease in the money supply. C) $1 billion increase in the money supply. D) $10 billion increase in the money supply.

All of the following are detrimental macro consequences of inflation except

A. Speculation. B. COLAs. C. Bracket creep. D. Uncertainty.