If the Fed sells bonds and, thereby, unexpectedly shifts to a more restrictive monetary policy, in the short run, the primary impact of this policy will tend to

a. increase inflation.
b. reduce unemployment.
c. increase real output.
d. increase real interest rates.

Economics

The period between two successive peaks in a business cycle is called a contraction

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

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Economics

Distinguish between a change in demand and a change in quantity demanded

What will be an ideal response?

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Economics