Refer to Figure 26-1. In the figure, the money demand curve would move from Money demand1 to Money demand2 if
A) the interest rate increased. B) the price level decreased.
C) real GDP increased. D) the Federal Reserve sold Treasury securities.
C
Economics
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If the government saved during an economic boom by increasing taxes or decreasing spending, this would be:
A. contractionary fiscal policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary monetary policy.
Economics
Refer to Figure 5-1. At the market equilibrium, the deadweight loss is equal to
A) $0. B) $500,000. C) $1,000,000. D) $2,000,000.
Economics