What is likely to be the best approach to a recession that is expected to turn into an expansion in a short time?
(A) Do nothing and let the economy fix itself.
(B) Use monetary policy to lower interest rates.
(C) Use fiscal policy to lower interest rates.
(D) Use monetary policy to raise interest rates.
Answer: (A) Do nothing and let the economy fix itself.
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A) lower unemployment. B) more inflation. C) higher unemployment. D) less inflation.
Olive Oil Spain is the world's number 1 producer of olive oil, mostly in the southern Andalusia region. But very dry weather there has ravaged olive trees. What affect will the poor weather have on the olive oil market?
Table 11-2 QTRTC89590910293 10110100 11112105 12115110 ? In Table 11-2, average cost at the profit-maximizing output is how much?
A. $5 B. $8 C. $10 D. $11
Which of the following statements is true concerning the U.S. national debt?
A. Budget surpluses in 2002 and 2003 have reduced the national debt. B. U. S. government agencies own about 42 percent of the total national debt. C. Private American citizens own over 70 percent of the total national debt. D. Foreigners hold 50 percent of the total national debt.