A restrictive monetary policy is designed to shift the:
A. aggregate demand curve rightward.
B. aggregate demand curve leftward.
C. aggregate supply curve rightward.
D. aggregate supply curve leftward.
B. aggregate demand curve leftward.
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Discretionary monetary policy was more frequently employed than discretionary fiscal policy in the two decades following World War II because
A) economic conditions did not seem to require any use of fiscal policy tools during this period. B) economists did not yet believe in the effectiveness of fiscal policy. C) inflation was not yet seen as a problem. D) monetary policy could be altered without Congressional action. E) monetary policy was thought to be capable of raising output while holding down prices.
A bank's revenue comes from all of the following EXCEPT
A) interest earned on vault cash. B) fees for services provided. C) interest on loans. D) interest on securities.