Multiple Choice
In October 2008,central banks around the world coordinated a decrease in interest rates. Ben Bernanke,Chairman of the Federal Reserve stated that "policy makers will remain in close contact,monitor developments closely and stand ready to take additional steps should conditions warrant." If all the banks enacted the policy simultaneously,which of the following expenditure components would increase in the United States?
I. exports
II. consumption
III. investment
A) I, II and III.
B) II and III only.
C) II only.
D) I and III only.
Correct Answer:
Verified
Correct Answer:
Verified
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