Expansionary monetary policy should be used if: aggregate demand-aggregate suppl

ID: 1100599 • Letter: E

Question

Expansionary monetary policy should be used if:

aggregate demand-aggregate supply equilibrium is below potential output.

aggregate demand-aggregate supply equilibrium is above potential output.

aggregate demand-aggregate supply equilibrium is equal to potential output.

none of the above.

2.5 points

Question 8

In 2003, China's control of the value of the yuan became an economic and political issue for the U.S. because:

increased U.S. exports to China.

decreased U.S. exports to China.

increased China imports from the U.S.

none of the above.

2.5 points

Question 9

The function of money that enables money to be used for future purchases is called:

medium of exchange.

store of value.

unit of account.

measure of power.

2.5 points

Question 10

If $1000 was deposited in a bank and the reserve requirement is 0.10, how much is available for loans?

$900

$910

$920

$930

aggregate demand-aggregate supply equilibrium is below potential output.

aggregate demand-aggregate supply equilibrium is above potential output.

aggregate demand-aggregate supply equilibrium is equal to potential output.

none of the above.

Expansionary monetary policy should be used if: aggregate demand-aggregate supply equilibrium is below potential output.

In 2003, China's control of the value of the yuan became an economic and political issue for the U.S. because: decreased U.S. exports to China.

The function of money that enables money to be used for future purchases is called:store of value.

If $1000 was deposited in a bank and the reserve requirement is 0.10, how much is available for loans? $900

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