Author Question: A decline in the output gap causes the demand for real balances A) to rise and the interest rate ... (Read 83 times)

JGIBBSON · **on:** Jun 30, 2018

A decline in the output gap causes the demand for real balances

A) to rise and the interest rate to fall.
B) to fall and the interest rate to rise.
C) and the interest rate to fall.
D) and the interest rate to rise.

Question 2

In the second half of the twentieth century, the U.S. inflation rate was at its highest in the period from

A) 1960 to the early 1970s.
B) the mid-1970s to the early 1980s.
C) the mid-1980s to the early 1990s.
D) 1990-2000.