New classical economists:
A. stress the importance of federal budget deficits in stimulating aggregate demand.
B. hold that, left alone, the economy gravitates to its full-employment level of output.
C. emphasize tax cuts as means of increasing aggregate supply.
D. advocate active use of monetary policy to stabilize the economy.
B. hold that, left alone, the economy gravitates to its full-employment level of output.
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When a nation exports a good or service, employment in that industry
A) decreases. B) stays the same. C) increases. D) might change, but more information about what else the country exports is needed to determine if employment increases, decreases, or does not change. E) might change, but more information about what the country imports is needed to determine if employment increases, decreases, or does not change.
Summarize the type of agreement that NAFTA is, its history, the process by which it has been implemented in the last 15 years
What will be an ideal response?
Which of the following does NOT occur if Home starts a policy of permanent fiscal expansion:
A) Home's exchange rate increases. B) Foreign's interest rate rises. C) Home output rises. D) Foreign output rises. E) Current Account Balance increases.
Managers will use ________ probabilities to estimate the likelihood of a successful launch of a new brand of peanut butter.
A) relative B) objective C) known D) subjective