A year over year ________ in the buying power of money means that definitely ________ from one year to the next
A) decrease; the price level increased
B) increase; inflation increased
C) decrease; inflation increased
D) increase; the price level increased
E) Both answers A and C are correct.
A
Economics
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"Crowding out" occurs as an expansionary fiscal policy __________ interest rates, thus __________ investment spending
A) raises; increasing B) raises; decreasing C) lowers; increasing D) lowers; decreasing
Economics
A procyclical variable ________
A) moves up during expansions and down during contractions B) moves up during contractions and down during expansions C) moves in the opposite direction of aggregate economic activity D) all of the above E) none of the above
Economics