Laws regulating pollution emissions can change the size of the economic pie
Indicate whether the statement is true or false
TRUE
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An outward shift of a nation's production possibilities frontier represents
A) a situation in which a country produces more of one good and less of another. B) an impossible situation. C) economic growth. D) rising prices of the two goods on the production possibilities frontier model.
Expansionary fiscal policy, other things being equal, will tend to: a. increase interest rates. b. increase investment
c. increase net exports. d. all of the above
During 1981-1985, the United States pursued a restrictive monetary policy that sharply lowered inflation. At the same time, large budget deficits helped push real interest rates to an all-time high. What would you expect to happen to the value of the dollar on the foreign exchange market?
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.