If the Federal Reserve raises or lowers interest rates too late, ...

[mp14]

If the Federal Reserve raises or lowers interest rates too late, it could result in a ________ policy that destabilizes the economy.
 
  A) budgetary B) fiscal C) procyclical D) countercyclical

Question 2

The long-run aggregate supply curve is ________, while the long-run Phillips curve is ________.
 
  A) vertical; also vertical B) positively sloped; negatively sloped
  C) positively sloped; positively sloped D) vertical; negatively sloped

[tashiedavis420]

Answer to Question 1

C

Answer to Question 2

A