Final exam During periods ofrapid inflation-money may cease to work as a medium of exchange: because peopleand businesses will not want to accept it in transactions. Contractionary fiscalpolicy is
Final exam During periods ofrapid inflation-money may cease to work as a medium of exchange: because peopleand businesses will not want to accept it in transactions. Contractionary fiscalpolicy is
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During periods of
rapid inflation-money may cease to work as a medium of exchange: because people
and businesses will not want to accept it in transactions.
Contractionary fiscal
policy is so named because it: is aimed at reducing aggregate demand and thus
achieving price stability.
Banks create money
when they: exchange checkable deposits for the IOU's of businesses and
individuals.
A contractionary
fiscal policy is shown as a: leftward shift in the economy's aggregate demand
curve
A $70 price tag on a
sweater in a department store window is an example of money functioning as a:
unit of account.
Discretionary fiscal policy refers to: changes in taxes and
government expenditures made by Congress to stabilize the economy.