Expansionary monetary policy during periods of underutilized resources can cause
A) real Gross Domestic Product (GDP) to increase without an increase in the price level.
B) real Gross Domestic Product (GDP) to increase with a decrease in the price level.
C) real Gross Domestic Product (GDP) to increase with an increase in the price level.
D) nominal Gross Domestic Product (GDP) to increase but cannot affect real Gross Domestic Product (GDP).
C
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Tax credits are more beneficial to taxpayers than _____
a. exemptions b. deductions c. expenditures d. a and b e. a and c
Thomas Jefferson argued that the U.S. should adopt the Spanish dollar as the official unit of account because
a. so many colonists came from Spanish-speaking nations. b. it was based on the decimal system. c. it was less prone to inflation than other units of account. d. it was the unit of account used in most European countries.