Why might the Federal Reserve take an action that reverses expansionary fiscal policy?
A. In order to fight the unemployment caused by the expansionary fiscal policy
B. In order to fight the deflation caused by the expansionary fiscal policy
C. In order to fight the inflation caused by the expansionary fiscal policy
D. To demonstrate its independence from the government
Ans: C. In order to fight the inflation caused by the expansionary fiscal policy
Economics
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Refer to Table 11-2. Calculate the GDP per capita for each country in the table. Which country has the highest standard of living? Why?
What will be an ideal response?
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If a monopolist's marginal revenue is less than zero over a range of output, then price elasticity of demand must be: a. greater than one. b. equal to one
c. less than one. d. equal to zero.
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