Fighting inflation and fighting sluggish growth require:
A. opposite actions from policy makers.
B. fiscal and monetary policy actions, respectively.
C. monetary and fiscal policy actions, respectively.
D. similar actions from policy makers.
Ans: A. opposite actions from policy makers.
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Both President Bush and President Obama wanted tax cuts to stimulate consumer spending during the 2007-2009 recession
a. True b. False Indicate whether the statement is true or false
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.
Recall the Application about the shutdown price for coal to answer the following question(s).According to the Application, there are still some mines that are in operation in the United States. Because 4 West Mine has now shut down, what must be true about 4 West Mine and the other operational mines?
A. 4 West Mine's AVC is higher than the other remaining mines. B. 4 West Mine's AVC is lower than the other remaining mines. C. 4 West Mine's ATC is higher than the other remaining mines. D. 4 West Mine's ATC is lower than the other remaining mines.
College-educated workers tend to reach their peak earnings between the ages of 45 and 54.
Answer the following statement true (T) or false (F)