What are two ways the government can use to maintain full employment in an open economy? Also give an example for each
What will be an ideal response?
There are two types of government policy, monetary and fiscal policy. Examples of monetary policy are changes in the money supply. Examples of fiscal policy are changes in government spending or taxes.
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The difference between a firm's total revenue and its total cost is its ________ profit
A) explicit B) normal C) economic D) accounting E) excess
The change in a firm's total cost from producing one more unit of a good or service is the firm's
A) average cost of production. B) explicit cost of production. C) marginal cost of production. D) implicit cost of production.
Which financial intermediary has been required by regulation to concentrate its lending in the mortgage market?
A) commercial banks B) savings-and-loans C) credit unions D) state and local government retirement funds
What role does the concept of cointegration and the order of integration play in modeling the relationship between variables? Explain how tests of cointegration work
What will be an ideal response?