From a monetarist perspective, an expansionary fiscal policy's effect on aggregate demand would be offset by:
A. The buying of government securities by the Treasury
B. The selling of government securities by the Treasury
C. A cut in the Federal funds rate
D. A cut in the discount rate
B. The selling of government securities by the Treasury
Economics
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In the movie Cast Away, Tom Hanks plays a FedEx efficiency expert stranded on a deserted island. While on the island, he divides his time between catching fish, gathering coconuts, painting, and building a raft
Suppose that these were Mr. Hanks' only activities. Did he face an opportunity cost from pursuing any of these activities? Why or why not?
Economics
Why are perfectly competitive markets considered efficient?
What will be an ideal response?
Economics