Chapter 15: Problem 10
Big government was ushered in during the \- (LO4) a) \(1920 \mathrm{~s}\) c) \(1960 \mathrm{~s}\) b) \(1930 \mathrm{~s}\) d) \(1980 \mathrm{~s}\)
Chapter 15: Problem 10
Big government was ushered in during the \- (LO4) a) \(1920 \mathrm{~s}\) c) \(1960 \mathrm{~s}\) b) \(1930 \mathrm{~s}\) d) \(1980 \mathrm{~s}\)
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Get started for freeAs we approach full employment, what will probably happen? (LO1,2) a) \(\mathrm{V}\) will fall d) P will rise b) Q will fall e) P will fall c) Q will rise
The conventional monetary policy to fight inflation would be to (LO9) a) increase the rate of monetary growth b) decrease the rate of monetary growth c) run budget deficits d) run budget surpluses
If \(\mathrm{MV}\) rises, \(\mathrm{PQ}\) (LO1) a) must rise c) must stay the same b) may rise d) must fall
Which school would advocate government spending to end a recession? (LO4) a) Classical d) Supply-side b) Keynesian e) Rational expectations c) Monetarist
According to the rational expectations theorists, when the Fed sharply increases monetary growth \- (LO7) a) inflation will result and people must move to protect themselves b) a recession will result and people must move to protect themselves c) people will continue to make the same mistakes over and over again
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