The term stagflation refers to:
a. a simultaneous reduction in output and the price level
b. a simultaneous increase in output and the price level.
c. a decline in the price level accompanied by increases in real output and employment.
d. an increase in the price level accompanied by decreases in real output and employment.
e. a simultaneous increase in both the trade deficit and the budget deficit.
d
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Unlike private placements, publicly-sold securities lack
A) any kind of statement of the financial condition of the borrower. B) a secondary market. C) a definite maturity date. D) restrictive covenants.
If adopted by a firm, a labor-saving piece of technology is one that would:
A. increase labor demand. B. increase labor supply. C. decrease labor demand. D. decrease labor supply.
The Earned Income Tax Credit (EITC) is a tax provision that allows poor working families to receive income tax refunds greater than the taxes they paid during the year. Therefore, the EITC works much like a
Explain why many industrialized countries do not often intervene in the foreign exchange market.
What will be an ideal response?