A contractionary monetary policy ________.
A. shifts the aggregate supply curve to the left
B. is used when the inflation rate is high
C. is designed to increase aggregate demand
D. can reduce the length of a recession
Answer: B
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Which of the following statements is true?
A) A direct relationship has a negative slope value. B) A straight line has a slope of one. C) A curved line has slope values that change at every point. D) An inverse relationship has a positive slope value.
If gasoline taxes were significantly increased in the United States, then
a. some of the government regulations that require automakers to produce more fuel-efficient cars would become unnecessary. b. other taxes, such as income taxes, could be lowered. c. it is likely that roads would become safer and the environment would become cleaner. d. All of the above are correct.