The Reagan tax cuts of the 1980s
A. had not impact on the budget deficit.
B. decreased the budget deficit.
C. increased the budget deficit.
D. initially decreased the deficit but later increased it.
Answer: C
Economics
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The Taylor rule helps explain the relationship between the Fed's ________ and ________
A) federal funds target; the monetary growth rule B) federal funds target; economic conditions C) money supply target; the federal funds target D) money supply target; economic conditions
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A decrease in the real interest rate will
A) increase consumption and reduce investment. B) increase saving and investment. C) decrease investment and government spending. D) increase consumption and investment.
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