ANSWER KEY FOR TEST

ANSWER KEY FOR TEST - ANSWER KEY FOR TEST - QUIZ14 1. c....

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ANSWER KEY FOR TEST - QUIZ14 1. c. aggregate demand and aggregate supply. Chapter:22 QUESTION: 1 2. d. All of the above are correct. Chapter:22 QUESTION: 2 3. a. an increase in government expenditures when there is a recession. Chapter:22 QUESTION: 3 4. a. increase the money supply Chapter:22 QUESTION: 4 5. c. fiscal policy is the time it takes to change policy, while for monetary policy the longest lag is the time it takes for policy to impact aggregate demand. Chapter:22 QUESTION: 5 6. c. changes in the interest rate to change aggregate demand. Chapter:22 QUESTION: 6 7. b. attempts to stabilize the economy can increase the magnitude of economic fluctuations. Chapter:22 QUESTION: 7 8. a. operates with almost complete discretion over monetary policy. Chapter:22 QUESTION: 8 9. b. the potential for a central bank to increase the money supply, and so output, to help the incumbent get re-elected. Chapter:22
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This note was uploaded on 02/09/2010 for the course ECON 101 taught by Professor Buddin during the Spring '08 term at UCLA.

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ANSWER KEY FOR TEST - ANSWER KEY FOR TEST - QUIZ14 1. c....

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