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ECO3041 - Ch 16 & 17 Review Qs

ECO3041 - Ch 16 & 17 Review Qs - Chapter 16 and 17...

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Chapter 16 and 17 Review Questions Questions: 1. Stabilizing a nation’s price level and the purchasing power of its money can be achieved: A) only with fiscal policy. B) only with monetary policy. C) with both fiscal and monetary policy. D) with neither fiscal nor monetary policy. 2. Other things equal, an excessive increase in the money supply will : A) increase the purchasing power of each dollar. B) decrease the purchasing power of each dollar. C) have no impact on the purchasing power of the dollar. D) reduce the price level. 3. Which of the following is a tenet of supply-side economics? Gamma production possibilities: A B C D E T e a 1 2 0 9 0 6 0 3 0 0 P o t s 0 3 0 6 0 9 0 1 2 0 Sigma production possibilities: A B C D E T e a 4 0 3 0 2 0 1 0 0 P o t s 0 3 0 6 0 9 0 1 2 0
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