Induced expenditure is any expenditure that A) is fixed for ...

[shenderson6]

Induced expenditure is any expenditure that
 
  A) is fixed for all price levels.
  B) is fixed for all levels of real GDP.
  C) changes when real GDP changes.
  D) changes when the interest rate changes.
  E) is fixed for all levels of the interest rate.

Question 2

The Fed can directly control all of the following EXCEPT
 
  A) the federal funds rate. B) long-term interest rates.
  C) the discount rate. D) reserve requirements.

[SVictor]

Answer to Question 1

C

Answer to Question 2

B