Which of the following may NOT serve as a possible chain reaction for either fiscal or monetary policy?
A) G↑ ⇒ Y↑ ⇒ C↑ ⇒ Y↑ ⇒ C↑....
B) T↓ ⇒ Y↑ ⇒ C↑ ⇒ Y↑ ⇒ C↑....
C) M↑ ⇒ i↓ ⇒ I↓ ⇒ Y↓ ⇒ C↓....
D) M↑ ⇒ i↓ ⇒ I↑ ⇒ Y↑ ⇒ C↑....
E) M↓ ⇒ i↑ ⇒ I↓ ⇒ Y↓ ⇒ C↓....
Correct Answer:
Verified
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