Which of the following is true of stimulus policy enacted in 2009?
a. We can be sure that it reduced the severity of the recession because the recession was less severe than the Great Depression.
b. We can be sure that it reduced the severity of the recession even though the recession was more severe than the Great Depression.
c. We can not be sure that it reduced the severity of the recession, but the recession was less severe than the Great Depression.
d. We can not be sure that it reduced the severity of the recession because the recession was more severe than the Great Depression.
c
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The negative supply shock of 2007, compared to the shocks in 1973 & 1979, involved ________
A) a larger decrease in aggregate demand B) larger decreases in the real interest rate C) smaller decreases in aggregate supply D) larger increases in the real interest rate
Under a communist system,
A. consumer decisions are not influenced by prices. B. resources are owned and controlled by the government. C. individual freedom is maximized. D. the market guides resources, but the state dictates what should be produced.
The fair trade movement:
A. attempts to inform and influence consumers' choices. B. is designed to stop unfair trade practices. C. is a set of laws around production processes in other nations. D. a big hindrance to international trade.
All of the following are advantages of a corporation EXCEPT
A. unlimited life. B. limited liability. C. double taxation. D. ability to raise large sums of financial capital.