If the Federal Reserve takes no countervailing actions, an expansionary fiscal policy will increase the deficit, increase GDP, increase prices, and drive up interest rates

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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If unit costs increase as the quantity of production increases and all inputs are variable, then a firm is experiencing

A) constant returns to scale. B) economies of scale. C) diseconomies of scale. D) falling economies of scope.

Economics

Which of the following decreases Money Demand?

a. Lower nominal interest rates. b. Higher nominal interest rates. c. A higher price level d. A lower price level

Economics