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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
The most expansionary of the following policies (ceteris paribus) is
a balanced budget increase in both government spending and taxes.
a. an increase in the discount rate.
b. an increase in the reserve ratio.
c. a broad-based tax reduction.
d. a reduction in public transfer payments.
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With an open-market purchase by the central bank, we should expect (ceteris paribus)Â
reduction in bond prices.
a. slightly elevated rates of unemployment.
b. an initial excess demand for bonds.
c. reduction in the rate of inflation.
d. currency appreciation.
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With the case of an open-market sale of securities by the central bank, we should most likely expect (ceteris paribus)
higher rates of inflation.
a. an excess demand for bonds.
b. increase in the level of GDP.
c. monetary stimulus for the domestic economy.
d. appreciation of the currency in foreign exchange.
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