A growing consensus among economists is that ________ policy is better suited for controlling GDP because of the promptness of ________ in making policy decisions
A) monetary, the Federal Reserve
B) monetary, Congress
C) fiscal, the Federal Reserve
D) fiscal, Congress
A
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On a graph showing the influence of automatic stabilizers on the economy, tax revenues and real GDP have a(n):
A. direct relationship as shown by an upward-sloping line T. B. direct relationship as shown by a downward-sloping line T. C. inverse relationship as shown by an upward-sloping line T. D. inverse relationship as shown by a downward-sloping line T.
Refer to the above figure. Which of the following statements is TRUE?
A. Point a is inefficient, point b is efficient and point c is unobtainable. B. Point a is efficient, Point b is efficient, point c is inefficient. C. Point a is unobtainable, point b is efficient and point c is inefficient. D. All of the points are efficient.
What effects will globalization have on labor demand? What will happen to the wages of U.S. workers as more foreign trade occurs?
What will be an ideal response?
When U.S. residents sell assets abroad, they are in essence
A. borrowing money, and foreign debts to the United States increase. B. borrowing money, and foreign debts to the United States decrease. C. lending money, and foreign debts to the United States decrease. D. lending money, and foreign debts to the United States increase.