Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Fiscal Policy: The Keynesian View And Historical Development Of Macroeconomics
Section: Chapter Questions
Problem 11CQ
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![17. Which of the following sequence of events follows an expansionary monetary
polícy?
a) interest rate(up)----consumption & investment(up)----Aggregate
demand(down)----real GDP(up)
b) interest rate(down)---consumption & investment(down)----Aggregate
demand(up)----real GDP(down)
c) interest rate(up)----consumption & investment(down)----Aggregate
demand(down)----real GDP(down)
d) interest rate(down)---consumption & investment(up)-----Aggregate
demand(up)----real GDP(up)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d9b3bc4-e739-4c77-b8f4-a941eb99c986%2F3587fb70-4ccc-478f-b9c4-95233f78edb4%2Fwhnocs5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:17. Which of the following sequence of events follows an expansionary monetary
polícy?
a) interest rate(up)----consumption & investment(up)----Aggregate
demand(down)----real GDP(up)
b) interest rate(down)---consumption & investment(down)----Aggregate
demand(up)----real GDP(down)
c) interest rate(up)----consumption & investment(down)----Aggregate
demand(down)----real GDP(down)
d) interest rate(down)---consumption & investment(up)-----Aggregate
demand(up)----real GDP(up)
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