試題詳解

13. Which of the following statements is necessarily false；
(A) Monetary policy can be conducted through open market operations, setting the minimum reserve requirement and through changing the refinancing rate at which banks can borrow money from the central bank.
(B) In the short run, an increase in money supply causes a proportional increase in prices. Over time the latter decrease again.
(C) Unemployment benefits are automatic stabilizers.
(D) The positive effect of expansionary fiscal policy on production is reduced by crowding out.