Economics 12E - Arnold - TB_340

Economics 12E - Arnold - TB_340 - POINTS 1 DIFFICULTY...

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POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Monetary and fiscal policy KEYWORDS: Bloom's: Knowledge NOTES: New 169. From the Patterns of Sustainable Specialization and Trade (PSST) perspective, expansionary monetary and fiscal policies that are designed to boost aggregate demand a. will not work if the money market is in disequilibrium, and may end up making the economy worse. b. will not work unless alternative sources of energy are employed. c. may not work if buyers and sellers are out of sync with one another, and may end up making the economy worse. d. are always successful in pushing the economy to full-employment. ANSWER: c POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Monetary and fiscal policy KEYWORDS: Bloom's: Knowledge NOTES: New 170. Which of the following events prompted the birth of market monetarism ? POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Monetary and fiscal policy KEYWORDS: Bloom's: Knowledge NOTES: New
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