Question 1 Fiscal policy will have its greatest impact if monetary policy is __________. contractionary expansionary accommodating
Question:
Question 1
Fiscal policy will have its greatest impact if monetary policy is __________.
contractionary
expansionary
accommodating
opposing
3. When aggregate demand increases, firms with market power—like Walmart—are MOST likely to raise __________.
prices
output
wages
sales tax
Question 4
The money supply fell during the Great Depression because __________.
the monetary base also fell
the public held less currency, and the banks held less excess reserves
the public held more currency, and the banks held more excess reserves
the Fed did not yet exist
Question 5
Concerning a stable equilibrium, on what issue is there an emerging consensus among economists?
the proximity to equilibrium that can be attained
how long the process toward a stable equilibrium takes
that markets do move toward a stable equilibrium
the government mechanisms that can aid the process to equilibrium