Raw materials include which of the following?
A. Software
B. Steel beams to build houses
C. Oil
D. Laptop cases
Answer: C
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Explain how discretionary monetary policy may have brought about the end of the Great Moderation and ushered in the Great Recession
What will be an ideal response?
The Keynesian cause-and-effect sequence predicts that a decrease in the money supply will cause interest rates to:
A. fall, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP. B. fall, boosting investment and shifting the AD curve rightward, leading to a decrease in real GDP. C. rise, cutting investment and shifting the AD curve leftward, leading to a decrease in real GDP. D. rise, boosting investment and shifting the AD curve rightward, leading to an increase in real GDP.