In the short-run along the horizontal portion of the aggregate supply curve, an increase in the budget deficit and an expansionary monetary policy would:
A) increase the price level only.
B) increase both the price level and real income.
C) increase real income only.
D) none of the above.
C
Economics
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Control of monetary policy rests with
A) Congress. B) the President. C) the Federal Reserve. D) the Comptroller of the Currency. E) the U.S. Treasury.
Economics
Included in government expenditures are government purchases and transfer payments
Indicate whether the statement is true or false
Economics