A policy that results in slow and steady growth of the money supply is an example of

a. an "easy" monetary policy.
b. a "passive" monetary policy.
c. a "practical" monetary policy.
d. an "active" monetary policy.

b

Economics

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Jack Nelson, a supervisor in the hardware department at Sears, received a $3,000 increase in his annual disposable income. Suppose his marginal propensity to consume is 0.80. How much of the $3,000 increase will Jack spend on consumption?

A) $3,000 B) $2,750 C) $2,200 D) $2,400 E) $2,500

Economics

Horizontal equity is achieved when taxes are collected from those who benefit from the government expenditure of the tax revenue

Indicate whether the statement is true or false

Economics