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Author Question: If real GDP exceeded potential real GDP and inflation was increasing, which of the following would ... (Read 66 times)

karateprodigy

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on: Jun 29, 2018
If real GDP exceeded potential real GDP and inflation was increasing, which of the following would be an appropriate fiscal policy?
 
  A) an increase in oil prices
  B) an increase in taxes
  C) an increase in government spending
  D) a decrease in the money supply and an increase in the interest rate

Question 2

Inflation is generally the result of total spending growing faster than total production.
 
  Indicate whether the statement is true or false


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whitcassie

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

B

Answer to Question 2

TRUE


karateprodigy

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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