If the Federal Reserve increases the money supply at the same time as an expansionary fiscal policy drives up budget deficits, we would expect to see income _____ and interest rates ____
a. changes be indeterminate; fall
b. fall; fall
c. rise; fall.
d. rise; changes be indeterminate
e. none of the above.
C
Economics
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"Tariffs today in the United States are much higher than in the past." Is the previous statement correct or incorrect?
What will be an ideal response?
Economics
Refer to the data. If the firm closed down in the short run and produced zero units of output, its total cost would be:
A. zero.
B. $50.
C. $150.
D. $100.
Economics