“Budget deficits are inflationary.” The truth of this statement depends on
A. aggregate demand in the economy.
B. the shape of the aggregate supply curve.
C. the size of the national debt.
D. existing debt as a percentage of GDP.
Answer: B
Economics
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If float is predicted to increase because of bad weather, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject B) defensive; drain C) dynamic; inject D) dynamic; drain
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International capital flows increase the power of monetary policy.
Answer the following statement true (T) or false (F)
Economics