Accommodating fiscal policy refers to
a. using monetary policy to prevent recessions.
b. using fiscal policy to prevent recessions.
c. using monetary policy to offset the negative effects of fiscal policy.
d. using fiscal policy to help politicians in office.
C
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Direct investment and security purchases are included in
A) current account items. B) capital account items. C) basic balance account items. D) unilateral transfers.
________ means people are more unhappy when they suffer losses than they are happy when they achieve gains
A) Loss fundamentals B) Loss aversion C) Loss leader D) Loss cycle
In an enforceable contract one or both parties could invest too little in relationship-specific assets that increase the economic value their joint efforts can create
Indicate whether the statement is true or false
Which of the following is true concerning the national debt?
a. It equals the budget deficit. b. When the budget deficit is declining, the national debt will fall. c. A budget deficit will reduce the national debt. d. A budget surplus will reduce the national debt.