Advocates of real business cycle theories argue that all of the following could cause a recession except
a. a fall in consumer expectations.
b. natural disasters.
c. higher taxation.
d. increases in the price of oil.
A
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Explain the dynamic rationale for economic integration among developing countries
What will be an ideal response?
Both Google and Facebook make their money by charging advertisers to run their ads, and the bigger an audience they have, the more they can charge.
Answer the following statement true (T) or false (F)
If the United States increased its budget deficit, and it is at or near full employment, the most likely effect is to crowd
a. in investment and crowd out net exports. b. out investment and crowd in net exports. c. in investment and crowd in net exports. d. out investment and crowd out net exports.
The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that:
A. points below the production possibilities curve are efficient. B. the production possibilities curve has a negative slope. C. the slope of a linear production possibilities is constant. D. points below the production possibilities curve are inefficient.