Autonomous easing of monetary policy involves ________
A) raising interest rates and shifting the MP curve to the right
B) lowering interest rates and shifting the MP curve to the left
C) raising interest rates and shifting the MP curve to the left
D) lowering interest rates and shifting the MP curve to the right
E) none of the above
D
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A cut in government spending will cause a(n) _________ in aggregate demand, and a decrease in the discount rate will cause a(n) _______ in aggregate demand.
a) increase; decrease b) increase; increase c) decrease; decrease d) decrease; increase e) none of the above
The attempt to force employers to use more labor than they otherwise would, or to force employers to use labor inefficiently, is known as
A) a secondary boycott. B) a sympathy strike. C) a monopsony. D) featherbedding.