During the 1960s, most economists believed that expansionary macro-policy
a. that caused inflation would permanently reduce unemployment.
b. that caused inflation would permanently increase unemployment.
c. could not be utilized to reduce unemployment.
d. did not affect inflation.
A
Economics
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When the Fed lowers the federal funds rate, which of the following economic variables responds most rapidly?
A) other short-term interest rates B) consumption expenditure C) the supply of loanable funds D) the long-term real interest rate E) the inflation rate
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Involuntary part-time workers are not working more hours due to
A) economic reasons. B) a lack of training and skills. C) an increase in the labor force. D) family reasons. E) educational commitments.
Economics