Expansionary monetary policy refers to the ________ to increase real GDP
A) Federal Reserve's decreasing the money supply and increasing interest rates
B) government's decreasing spending and raising taxes
C) Federal Reserve's increasing the money supply and decreasing interest rates
D) government's increasing spending and lowering taxes
C
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The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. What is the efficient quantity of chocolate to produce each day?
A) zero B) 100 pounds C) 150 pounds D) 250 pounds
A typical consumer consumes both coffee and donuts. After the consumer's income decreases, the consumer consumes more coffee but fewer donuts than before. For this consumer, coffee is a normal good, but donuts are an inferior good
a. True b. False Indicate whether the statement is true or false