Author Question: If the Federal Reserve increases the money supply at the same time as an expansionary fiscal policy ... (Read 51 times)

Wadzanai · **on:** Jun 30, 2018

If the Federal Reserve increases the money supply at the same time as an expansionary fiscal policy drives up budget deficits, we would expect to see income _____ and interest rates ____.

a. changes be indeterminate; fall
b. fall; fall
c. rise; fall.
d. rise; changes be indeterminate
e. none of the above.

Question 2

During the international crises of 1837 and 1857,

(a) the U.S. and England were connected financially.
(b) the British were pursuing heavy internal improvements.
(c) the U.S. was in the midst of heavy industrial expansion.
(d) all of the above were true.