One result of a contractionary monetary policy would be
A) a decline in the price level.
B) an increase in the money supply.
C) an increase in business investment.
D) lower interest rates.
A
You might also like to view...
Increasing savings and ________ go hand in hand because they both ________
A) decreasing expenditures; are the result of an increase in nominal interest rates on the loanable funds market B) decreasing expenditures; are the result of an increase in real interest rates on the loanable funds market C) increasing expenditures; are the result of an increase in nominal interest rates on the loanable funds market D) increasing expenditures; are the result of an increase in real interest rates on the loanable funds market E) None of the above answers is correct.
Based Figure 4.2, clothing is:
A) a normal good. B) an inferior good, but not a Giffen good. C) a Giffen good. D) none of the above