Policy directives issued by the Fed to moderate swings in the business cycle are
a. countercyclical fiscal policy
b. channeled through the Treasury Department
c. countercyclical monetary policy
d. first approved by the appropriations committees of the U.S. House of Representatives and the Senate
e. federal funds activity
C
You might also like to view...
Recall the Application. Assume that immediately before the housing bubble burst, you purchased a $250,000 home and took out a $225,000 mortgage to make the purchase. When the bubble burst, the value of your home fell by 20 percent
The value of the home is now ________ and you owe the mortgage company ________. A) $180,000; $225,000 B) $200,000; $180,000 C) $200,000; $225,000 D) $180,000; $200,000
An important condition required for economic growth is
A) economic freedom. B) a libertarian government. C) a totalitarian government. D) a democratic government. E) the incentive to limit international trade so that all economic growth remains within the country.