An increase in the reserve supply
a. will result in inflation if the unemployment rate is high.
b. causes interest rates to rise.
c. shifts the aggregate demand curve inward.
d. will probably cause inflation if the economy is at potential GDP.
d
Economics
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Refer to Figure 17-9. Fed Chairman Paul Volcker's response to the ________ of the late 1970s is depicted in the figure above as a movement from C to D to A
A) appreciation of the dollar B) deflation C) high inflation D) high unemployment
Economics
Which of the following factors makes the success of economic integration more likely?
(a) Nationalism. (b) Desire for prestige projects. (c) Diverse economic systems. (d) All of the above. (e) None of the above.
Economics