Which is an example of restrictive fiscal policy?
A) An increase in the discount rate
B) An increase in the federal funds rate
C) An increase in reserve requirements
D) A lowering of tax rates
E) A lowering of government spending
E
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In the above figure, if the interest rate is 2 percent per year, the quantity of money demanded is
A) greater than the quantity of money supplied, and the interest rate will change. B) greater than the quantity of money supplied, and the demand for money curve will shift. C) greater than the quantity of money supplied, and the supply of money curve will shift. D) less than the quantity of money supplied, and the interest rate will change. E) less than the quantity of money supplied, and the demand for money curve will shift.
The most commonly expressed arguments for protection tend to be largely invalid
Indicate whether the statement is true or false