If the Fed announced its intention to sell bonds, then it would be signaling that it was going to
a. raise the money supply. It could do this to counter high unemployment.
b. raise the money supply. It could do this to counter high inflation.
c. reduce the money supply. It could do this to counter high unemployment.
d. reduce the money supply. It could do this to counter high inflation.
d
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In the long-run ISLM model and with everything else held constant, the long-run effect of an expansionary fiscal policy is to ________ real output and ________ the interest rate
A) increase; increase B) not change; not change C) increase; not change D) not change; increase
An exclusive right to sell a new and useful product, process, substance, or design for a fixed period of time is called a
A) patent. B) barrier to entry. C) monopoly. D) research disincentive.