Refer to Figure 26-6. In the figure above, if the economy is at point A, the appropriate monetary policy by the Federal Reserve would be to
A) raise interest rates. B) raise income taxes.
C) lower income taxes. D) lower interest rates.
D
Economics
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If our deficit falls steadily over the next five years our national debt will
A. increase at an increasing rate. B. increase at a decreasing rate. C. decrease at an increasing rate. D. decrease at a decreasing rate.
Economics
According to classical theory, a shift in aggregate demand will affect
A. the price level only. B. both real Gross Domestic Product (GDP) and the level of employment. C. real Gross Domestic Product (GDP) only. D. the level of employment only.
Economics