Use the Following to Answer Questions

question 295

Multiple Choice

Use the following to answer questions :
Figure: The Money Supply and Aggregate Demand
-(Figure: The Money Supply and Aggregate Demand) Look at the figure The Money Supply and Aggregate Demand. Panel (b) illustrates what happens when the Federal Reserve decides to _____ the money supply and _____ interest rates.

• A)decrease; lower
• B)increase; raise
• C)increase; lower
• D)decrease; raise

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Definitions:

Social Security Number

A unique nine-digit number assigned to U.S. citizens, permanent residents, and temporary working residents that is used for tracking individuals for social security and taxation purposes.

Age

The length of time that a person or entity has been alive or existed.

Statistics Class

An academic course focused on the study of collecting, analyzing, interpreting, presenting, and organizing data.

Birth Year

The calendar year in which a person was born, used as an identifying measure in demographic studies.