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Author Question: The Fed has complete control over the money supply. Indicate whether the statement is true or ... (Read 37 times)

mspears3

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on: Jun 29, 2018
The Fed has complete control over the money supply.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 27-11. If government purchases increase by 100 billion and lead to an ultimate increase in aggregate demand as shown in the graph, the difference in real GDP between point A and point B will be
 
  A) less than 100 billion.
  B) 100 billion.
  C) more than 100 billion.
  D) There is insufficient information given here to draw a conclusion.


Amiracle

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  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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