When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline
B. increase; raise; decline
C. decline; lower; expand
D. decline; raise; decline
Answer: C
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There are many ways developing countries finance their external deficits EXCEPT
A) bank finance. B) portfolio investment in ownership of firms. C) bond finance. D) official lending. E) foreign exchange rates.
Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example?
a. time-series forecasting techniques b. barometric techniques c. survey techniques and opinion polling d. econometric techniques e. input-output analysis
The Civil Rights Act of 1964 was designed to protect workers from institutionalized union power that resulted in racial and sexual discrimination
Indicate whether the statement is true or false
Unlike Classical growth theory, new growth theory emphasizes the importance of:
A. the law of diminishing marginal productivity. B. population growth. C. human capital. D. technology.