Logrolling refers to
a. vote trading among legislators.
b. the tendency of voters to free-ride on the payment for public goods.
c. the power of well-organized interest groups.
d. the tendency of legislators to favor the interests of the timber (logging) industry.
A
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During 2001-2004, the Fed injected additional reserves into the banking system, which reduced the federal funds rate and other short-term interest rates. Other things constant, what is the most likely short-run impact of this policy?
a. an increase in the rate of unemployment b. a reduction in the growth of employment c. an increase in aggregate demand and real GDP d. a reduction in the long-run rate of inflation