On june 5 2003 the european central bank acted to decrease, Ask an Expert

Economics

On June 5, 2003, the European Central Bank acted to decrease the short-term interest rate in Europe by half a percentage point, to 2 percent. The bank’s president at the time,Willem Duisenberg, suggested that, in the future, the bank could reduce rates further. The rate cut was made because European countries were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy? Be specific.What was the hoped-for result on C, I, and Y?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950595

Have any Question?Write your Review or question?

Related Questions in Business Economics

Carefully explain how the negative price elasticity of

Carefully explain how the negative price elasticity of demand affect the revenue or profit of an organization?

The diet doctor claims that the average north american is

The diet doctor claims that the average North American is more than 20 pounds overweight. To test his claim, a random sample 30 Of north Americans was weighted, the difference between their actual weight and their ideal ...

A company has two divisionsnbspnbspthe first produces an

A company has two divisions. The first produces an operating system for smartphones. The other division manufacturers and markets its own smartphone. Of course, the company's smartphone runs on its own operating system. ...

Question onethe following is the number of first year

QUESTION ONE The following is the number of first year students who selected the three mathematics units for trimester one; Unit Number of students Calculus only 20 Calculus but not Statistics 22 Calculus and Real analys ...

Grades for a statistics exam are normally distributed with

Grades for a statistics exam are normally distributed with a mean of 80 and a standard deviation of 4. The empirical rule indicates what percent of an exam grades fall between 76 and 84?

Malcolm moore single had medical expenses of 5000 last year

Malcolm Moore, single, had medical expenses of $5,000 last year. His AGI last year was $30,000. He was reimbursed $4,500 this year by his insurance company. Malcolm claimed the standard deduction last year. What amount m ...

Suppose a soft drink company want to perform a taste test

Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?

Brexita what are the economic implications provide a

"Brexit" A. What are the economic implications? Provide a credible citation. B. What possible impact could this event have on European trade? Provide a credible citation.

The abc movie theater has 300 seats in a typical month 25

The ABC movie theater has 300 seats. In a typical month, 25 percent of the seats are sold. The price elasticity is estimated to be -0.9. The price of a ticket is $8.00. The manager wants to increase the attendance to 30 ...

The following is data a veterinarian collected from some of

The following is data a veterinarian collected from some of her clients. it is a rough estimate % of dogs weight and how long the dog lived estimate of dog's weight(xi) life span(yi) 20 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert