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The short-run Phillips curve indicates a
[ "direct relation between unemployment and inflation", "direct relation between price and quantity demanded", "inverse relation between price and quantity demanded", "inverse relation between unemployment and inflation" ]
[ "D" ]
[ 3 ]
[ "inverse relation between unemployment and inflation" ]
A federal deficit occurs when
[ "exports exceed imports.", "imports exceed exports.", "federal tax collections exceed spending.", "federal spending exceeds federal tax revenues." ]
[ "D" ]
[ 3 ]
[ "federal spending exceeds federal tax revenues." ]
Holding all else equal which of the following monetary policies would be used to boost U.S. exports?
[ "Increasing the discount rate", "Increasing the reserve ratio", "Buying government securities", "Lowering tariffs" ]
[ "C" ]
[ 2 ]
[ "Buying government securities" ]
Which of the following policies best describes supply-side fiscal policy?
[ "An increase in the money supply", "Increased government spending", "Lower taxes on research and development of new technology", "Higher taxes on household income" ]
[ "C" ]
[ 2 ]
[ "Lower taxes on research and development of new technology" ]

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