Economist C says all of the following: Expansionary fiscal policy is needed to raise aggregate demand and remove the economy from a recessionary gap. The choice of fiscal policy measures is between ________________ government spending and a _______________ in taxes. Since I am in favor of bigger government, I choose a(n) _________________ in _________________
A) less; decrease; increase; government spending
B) more; decrease; increase; government spending
C) less; rise; decrease; government spending
D) less; reduction; increase; taxes
E) b or d
B
Economics
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The slope of the supply curve of reserves can be attributed to the fact that:
A) quantity supplied of reserves decreases with the federal funds rate. B) the supply of reserves is arbitrarily set by the World Bank. C) the Fed fixes the supply of reserves. D) quantity supplied of reserves increases with the federal funds rate.
Economics
The economy is currently experiencing
A) inflation B) recession C) expansion D) stagflation E) rapid growth
Economics