A "easy" money, tight "fiscal" policy combination will be preferred by society which values
A) low growth rates, but more goods and services in the future.
B) public goods today greater than private goods in the future.
C) private goods today more than public goods in the future.
D) public and private goods in the future more than public and private goods today.
D
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If a central bank wishes to raise the foreign-exchange value of its currency, it will
A) buy domestic currency and sell foreign assets. B) sell domestic currency and buy foreign assets. C) attempt to reduce domestic interest rates. D) attempt to raise the domestic price level relative to foreign price levels.
In the short run, it is necessary to ________ a good whenever excess demand exists.
A. nonprice ration B. discontinue distribution of C. price allocate D. increase production of