Author Question: With respect to diffusion of responsibility, the diffusion effect is always greater than the size ... (Read 156 times)

jlmhmf · **on:** Jun 29, 2018

With respect to diffusion of responsibility, the diffusion effect is always greater than the size effect.

Indicate whether the statement is true or false

Question 2

As the Fed lowers the federal funds rate,

A) the price level falls.
B) real GDP decreases.
C) aggregate demand increases.
D) aggregate supply increases.
E) aggregate income decreases.