One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
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The following tools from multiple regression analysis carry over in a meaningful manner to the linear probability model, with the exception of the
A) F-statistic. B) significance test using the t-statistic. C) 95% confidence interval using ± 1.96 times the standard error. D) regression R2.
If the Federal Reserve sells $1,500 in bonds and the resulting money supply change is $7,500, what is the required reserve ratio?
a. 5.0 b. 0.2 c. 0.1 d. 0.4 e. 0.8
The current account in a balance of payments records
a. all money flows among countries b. exports and imports of goods and services c. only the international transactions involving capital goods d. only the international transactions involving consumer goods e. only exports and imports purchased on credit
An industry comprised of 40 firms, none of which has more than 3 percent of the total market for a differentiated product, is an example of:
A. monopolistic competition. B. oligopoly. C. pure monopoly. D. pure competition.