A central bank can bring output back up to efficient level in the New Keynesian model by
A) decreasing the money supply.
B) increasing the money supply.
C) decreasing government expenses.
D) increasing government expenses.
B
Economics
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In general, production possibilities curves are "bowed out" because:
A) it's wasteful to produce too much of any one good. B) people generally prefer to consume goods in appropriate combinations. C) of the law of increasing opportunity cost. D) of the law of demand.
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Describe the three pillars of productivity growth
Economics