Question

Question 5 1 pts The corn, soybean, and wheat harvests in the U.S. have been unexpectedly bad this year. Based on this information, how would the data point for the economy move in the Phillips curve graph? Hint: Think first how you would graph this in an AD/AS graph. down/left down/right up/left up/right Question 6 1 pts One of the big criticisms levied against the Fed is that it frequently changes its policies by large amounts that result in big disruptions to the economy. True False Question 7 1 pts Assume the economy has an inflationary gap. Which of the following is an example of contractionary monetary policy that could be used by the Fed to eliminate the gap? decrease tax rates decrease the required reserve ratio decrease the interest paid on excess reserve deposits increase the discount rate increase government spending Question 8 1 pts Assume someone transfers $4,000 out of their checking account and into their savings account. Which of the following is correct? M1 will decrease, M2 will stay the same M1 will decrease, M2 will increase

          Question 5
1 pts
The corn, soybean, and wheat harvests in the U.S. have been unexpectedly bad this year. Based on
this information, how would the data point for the economy move in the Phillips curve graph? Hint:
Think first how you would graph this in an AD/AS graph.
down/left
down/right
up/left
up/right
Question 6
1 pts
One of the big criticisms levied against the Fed is that it frequently changes its policies by large
amounts that result in big disruptions to the economy.
True
False
Question 7
1 pts
Assume the economy has an inflationary gap. Which of the following is an example of
contractionary monetary policy that could be used by the Fed to eliminate the gap?
decrease tax rates
decrease the required reserve ratio
decrease the interest paid on excess reserve deposits
increase the discount rate
increase government spending
Question 8
1 pts
Assume someone transfers $4,000 out of their checking account and into their savings account.
Which of the following is correct?
M1 will decrease, M2 will stay the same
M1 will decrease, M2 will increase

Question 5
1 pts
The corn, soybean, and wheat harvests in the U.S. have been unexpectedly bad this year. Based on
this information, how would the data point for the economy move in the Phillips curve graph? Hint:
Think first how you would graph this in an AD/AS graph.
down/left
down/right
up/left
up/right
Question 6
1 pts
One of the big criticisms levied against the Fed is that it frequently changes its policies by large
amounts that result in big disruptions to the economy.
True
False
Question 7
1 pts
Assume the economy has an inflationary gap. Which of the following is an example of
contractionary monetary policy that could be used by the Fed to eliminate the gap?
decrease tax rates
decrease the required reserve ratio
decrease the interest paid on excess reserve deposits
increase the discount rate
increase government spending
Question 8
1 pts
Assume someone transfers 4,000 out of their checking account and into their savings account.
Which of the following is correct?
M1 will decrease, M2 will stay the same
M1 will decrease, M2 will increase

Added by Victor L.

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