Answer clearly QUESTION 12 1 points Saved Any national economy can be described by the equation Y = C+ 1+G + (X – M) O True False QUESTION 13 1

Answer clearly QUESTION 12
1 points
Saved
Any national economy can be described by the equation Y = C+ 1+G + (X – M)
O True
False
QUESTION 13
1 points
Monetary policy as administered by the Federal Reserve Bank through the commercial banking system
affects the money supply and interest rates, and hence the level of credit, in the economy.
True
False
QUESTION 14
I points
Fiscal policy uses taxes, government purchases and transfers to affect aggregate demand,
True
False
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