Economics Questions

Contractionary monetary policy- what happens to the supply of money?

expansionary monetary policy- what happens to AD

contractionary fiscal policy-what happens to AD

Contractionary monetary policy- What happens to AD?

Decrease in government spending and purchase of bonds by the central government

contractionary fiscal policy- what happens to the demand of loanable funds

Contractionary monetary policy- What happens to the supply of loanable funds

On the money market graph, fiscal policy controls ______

Decrease in personal income taxes and decrease in the discount rate

contractionary fiscal policy - does the government have a budget surplus or deficit

expansionary monetary policy- what happens to supply of loanable funds

If a reduction in aggregate supply is followed by an increase in aggregate demand what will happen?

Assume there's a negative output gap. What combined fiscal and monetary polices could close the gap?

On the money market graph, Monetary policy controls ______

If wage rate decreases, the quantity of workers _

a monopsonist always hires _ workers than PC

a monopsonist always pay _ wages even though they increase pay to attrat workers

With the least-cost rule, employ _ capital and _ labor

Firms in the resource market _ factors of production

If the price of a product increases, the demand for labor and number of workers