Since the U.S. economy expanded rapidly from 1992 to 2000, it must be true that
a. fiscal contraction overwhelmed monetary expansion.
b. monetary expansion overwhelmed fiscal contraction.
c. monetary expansion exactly offset fiscal contraction.
d. monetary contraction overwhelmed fiscal expansion.
b
Economics
You might also like to view...
How does a rise in the foreign exchange rate affect aggregate demand in the United States? Explain your answer
What will be an ideal response?
Economics
Which of the following statements, ceteris paribus, accurately describes the impact of government spending on aggregate demand?
a. A decrease in government spending will decrease aggregate demand. b. Aggregate demand rises with falling government spending. c. Aggregate demand falls with stable government spending. d. A decrease in government spending will stabilize aggregate demand.
Economics