Which of the following are key components of a contractionary money policy?
a. Interest rates rise; equilibrium money demanded increases; decrease in aggregate demand.
b. Interest rates rise; equilibrium money demanded decreases; decrease in aggregate demand.
c. Interest rates fall; equilibrium money demanded increases; decrease in aggregate demand.
d. Interest rates fall; equilibrium money demanded increases; increase in aggregate demand.
b. Interest rates rise; equilibrium money demanded decreases; decrease in aggregate demand.
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Stability of the U.S. economy between 1985 and 2007 referred to as
A) Great Moderation. B) the Great Depression. C) Automatic Stabilizer. D) Fiscal Discretion.
A scatterplot allows us
A) to mark peaks and troughs. B) to determine whether a series leads or lags. C) to see the comovement between two time series. D) to determine how persistent a series is.