The policy mix that the Clinton administration sought in early 1993 was a
a. smaller budget deficit and tighter monetary policy.
b. smaller budget deficit and looser monetary policy.
c. larger budget deficit and looser monetary policy.
d. larger budget deficit and tighter monetary policy.
b
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Under perfect competition, a technological advance
a. shifts the market demand curve leftward, decreasing market price b. shifts the market supply curve rightward, decreasing market price c. shifts the market demand curve rightward, increasing market price d. shifts the market supply curve leftward, increasing market price e. causes unpredictable shifts in supply and demand
If banks do not loan out all their excess reserves, then the real world multiplier is
A) smaller than 1/RR. B) larger than 1/RR. C) equal to 1/RR. D) not related to 1/RR.