What types of government intervention did the World Bank determine was common in the East Asian economies?
What will be an ideal response?
Government targeted specific industries for promotion using directed credit and export promotion.
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Use the following graph of total revenues to answer the question below.
Demand is elastic between points
A. A and B. B. F and G. C. D and E. D. G and H.
Based on our understanding of the IS-LM model that takes into account dynamics, we know that a reduction in government spending will cause
A) an immediate drop in Y and immediate increase in i. B) an immediate reduction in i and no initial change in Y. C) a gradual reduction in i and gradual reduction in Y. D) a gradual reduction in i and an immediate reduction in Y.
The aggregate demand curve shows the combinations of output and the price level that put the economy on
A. the IS curve. B. the FE line, the IS curve, and the LM curve. C. the FE line and the IS curve. D. the IS curve and the LM curve.
In a stock market boom ________
A) autonomous consumption might increase because stock holders might feel richer and consume more B) autonomous investment might increase because a higher stock value for a firm helps firms raise funds for increased investment C) the IS curve might shift to the right D) all of the above E) none of the above