When will the difference between the actual deficit and the structural deficit be the smallest?
a. in a major recession
b. in a major recession
c. at full employment
d. in an inflationary gap
c
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Private capital flows in the form of both direct and portfolio investment began to return to Latin America after 1989, effectively marking the end of the Lost Decade
Indicate whether the statement is true or false
What can a union do in order to raise the wages of its members?
What will be an ideal response?
The likelihood of successful collective action:
A. can be lower for large groups. B. can be higher for large groups. C. can be lower for small groups. D. generally does not depend on the size of the group.
The production possibilities curve illustrates
A. The existence of unlimited wants and resources. B. The limitations that exist because of scarce resources. C. That there is no limit to the level of output. D. That there is no limit to what an economy can produce.