The stimulus policy drew immediate criticism,
What will be an ideal response?
especially from conservative economists
and politicians, who argued that these policies would increase the deficit and national debt
and would not be effective in helping the economy to recover. Proponents of the stimulus
responded that it was essential to prevent an already very weak economy from slipping into
Great Depression-like conditions
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If a central bank does not want to allow the domestic currency to appreciate, it will ________ international reserves by selling its currency, thereby ________ the monetary base and increasing the risk of higher inflation
A) lose; decreasing B) lose; increasing C) acquire; decreasing D) acquire; increasing
A positive economic statement is
a. something good or desirable b. a call for improvement c. a statement of opinion d. a statement of fact e. a suggestion for policy
In the long run, a monopolistically competitive firm that trades internationally ____________ than it would in autarky.
a. will produce more output b. will earn more monopoly profits c. will have higher average costs d. will produce more output and earn more monopoly profits
The organizational structure where organizations are structured around a special project or event
a. functional b. line and staff c. product d. matrix