From 2008-2009 the Federal Reserve Created a Very Large Increase

question 66

Multiple Choice

From 2008-2009 the Federal Reserve created a very large increase in the money supply. According to the short-run Phillips curve this policy should have

• A)raised inflation and unemployment.
• B)raised inflation and reduced unemployment.
• C)reduced inflation and raised unemployment.
• D)reduced inflation and unemployment.

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Definitions:

Creativity And Innovation

The process of generating new and novel ideas and turning them into value-creating products, services, or ways of doing things.

Innovation And Vision

The capacity to create novel ideas and the foresight to plan future directions or goals, especially in the context of business or technology.

Vision And Prescient

Describes the ability to have a clear idea about the future or foresee events before they happen.

Prescient And Creativity

The combination of having foresight or anticipation of future events and the ability to produce novel and valuable ideas.