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Expansionary and Contractionary Monetary Policy Flashcards | StudBud

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Expansionary and Contractionary Monetary Policy

5 terms·StudBud Administration·16 plays

OpenStax MacroEconomics 17.4

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Questions 5

Answers

1
An "overheating economy" is _____.
all these answers are correct.
an economy that likely suffers from inflation.
one where contractionary monetary policy should be used.
an economy where aggregate supply and demand are above GDP.
2
Expansionary monetary policy
combats recession
combats inflation.
involves pulling on both ends of dollars until they stretch.
mostly has to do with invading small island nations.
3
After the 2008-2009 recession,
the government increased taxes
the government increased spending
the government decreased spending
the government was angry
4
When aggregate supply and aggregate demand intersect above GDP, governments should _____.
none of the above
adopt an expansionary monetary policy
increase spending
cut taxes
5
today is
Friday
the 453rd anniversary of the death of King Henry V
Amanda's birthday
Arbor day