Author Question: Refer to Figure 13-4. Given the economy is at point A in year 1, what will happen to the price level ... (Read 87 times)

OSWALD

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Refer to Figure 13-4. Given the economy is at point A in year 1, what will happen to the price level in year 2?
 
  A) It will fall. B) It will rise.
  C) It will remain constant. D) not enough information to answer the question

Question 2

A central bank can help stop a bank panic by
 
  A) calling in consumer loans. B) raising the required reserve ratio.
  C) acting as a lender of last resort. D) decreasing income taxes.



Hikerman221

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Answer to Question 1

B

Answer to Question 2

C



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